Brean Murray Carret & Co. Maintains a 'Buy' on American States Water (AWR); Raising Numbers on Q4 Results
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Price: $88.58 -0.82%
Rating Summary:
2 Buy, 6 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 6 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Brean Murray Carret & Co. maintains a 'Buy' on American States Water (NYSE: AWR) price target raised from $40 to $41.
Brean analyst said, "4Q11 results from AWR were mixed...Although reported Water segment earnings in the quarter from continuing operations were lower YOY, the company’s Electric and Contracted Services segments showed substantial improvement. With Golden State Water Company’s expected retroactive rate increases (to 1/1/12) on the horizon once regulatory approval is granted, our view is that 2012 EPS should show modest growth versus 2011. We have raised our forward estimates, and our target price."
For an analyst ratings summary and ratings history on American States Water click here. For more ratings news on American States Water click here.
Shares of American States Water closed at $36.65 yesterday.
Brean analyst said, "4Q11 results from AWR were mixed...Although reported Water segment earnings in the quarter from continuing operations were lower YOY, the company’s Electric and Contracted Services segments showed substantial improvement. With Golden State Water Company’s expected retroactive rate increases (to 1/1/12) on the horizon once regulatory approval is granted, our view is that 2012 EPS should show modest growth versus 2011. We have raised our forward estimates, and our target price."
For an analyst ratings summary and ratings history on American States Water click here. For more ratings news on American States Water click here.
Shares of American States Water closed at $36.65 yesterday.
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