Seaport Global Securities Upgrades California Water Service Group (CWT) to Neutral

Seaport Global Securities analyst Angie Storozynski upgraded California Water Service Group (NYSE: CWT) from Sell to Neutral.

The analyst commented, "We have limited visibility into CWT's earnings beyond 2022. However, a recent settlement in SJW's CA rate case makes us less concerned about the volatility in CWT's future earnings in the state, at least as far as water supply costs are concerned. As we await a testimony of the CPUC's consumer advocate (Cal Advocates) in CWT's pending rate case in CA, we upgrade the stock to Neutral from Sell."

For an analyst ratings summary and ratings history on California Water Service Group click here. For more ratings news on California Water Service Group click here.

Shares of California Water Service Group closed at $60.69 yesterday.

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