Janney Montgomery Scott Downgrades ERII & INSU, Upgrades CWT
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Janney Montgomery Scott made some rating changes today in the Water space. The firm downgraded Energy Recovery, Inc. (Nasdaq: ERII) from Buy to Neutral on valuation; Insituform Technologies Inc. (Nasdaq: INSU) was downgraded from Buy to Neutral saying near-term cyclicals risks crimping the long-term growth story; California Water Service Group (NYSE: CWT) was upgraded from Neutral to Buy, saying the company should post strong EPS growth in Q1.
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