Wells Fargo Upgrades American Water (AWK) to Outperform
Tweet
Share
E-mailGet Alerts AWK Hot Sheet
Price: $126.31 +1.49%
Rating Summary:
9 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
9 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Join SI Premium – FREE
Wells Fargo upgraded American Water (NYSE: AWK) from Market Perform to Outperform with a price target of $45-$46 (from $41-$42).
Analyst Neil Kalton said, "We are increasingly confident in AWK's ability to deliver long-term EPS growth of at least the lower-end of mgmt's targeted 7-10% EPS range. While cognizant of AWK's comparatively low dividend yield relative to electrics, we believe the above avg EPS growth more than offset the yield disparity and should lead to attractive total return in excess of 10%."
For an analyst ratings summary and ratings history on American Water click here. For more ratings news on American Water click here.
Shares of American Water closed at $41.73 yesterday.
Analyst Neil Kalton said, "We are increasingly confident in AWK's ability to deliver long-term EPS growth of at least the lower-end of mgmt's targeted 7-10% EPS range. While cognizant of AWK's comparatively low dividend yield relative to electrics, we believe the above avg EPS growth more than offset the yield disparity and should lead to attractive total return in excess of 10%."
For an analyst ratings summary and ratings history on American Water click here. For more ratings news on American Water click here.
Shares of American Water closed at $41.73 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nokia OYJ (NOKIA:FH) (NOK) PT Raised to EUR18 at JPMorgan
- Adobe (ADBE) PT Lowered to $225 at UBS Amid Plans to Pivot to Freemium Model
- Pepsico (PEP) PT Lowered to $150 at TD Cowen
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT Change, UpgradesRelated Entities
Dividend, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
