Form 8-K Essential Utilities, For: Nov 04
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Jefferies Downgrades Essential Utilities, Inc. (WTRG) to Hold
November 7, 2024 4:54 AM ESTJefferies analyst Julian Dumoulin-Smith downgraded Essential Utilities, Inc. (NYSE: WTRG) from Buy to Hold with a price target of $41.00 (from $44.00).
The analyst comments "Downgrade to Hold as LT water growth fades: WTRG delivered a solid 3Q, aligned with our expectations from the initiation, including a 5-7% EPS CAGR reinstatement and positive Aqua PA rate case settlement.... More
