Brean Murray Carret Maintains Buy Rating On Aqua America

According to Brean Murray Carret, Aqua America

buy rating is maintained and price target is raised. Brean Murray Carret said that Aqua America posted 1Q11 results that met expectations. “Revenue in the quarter of $171.3 million came in just below our $173.3 million estimate and was up 6.7 percent from the same quarter last year, while adjusted EPS of $0.19 matched our $0.19 forecast, a substantial improvement YOY.” Aqua America closed yesterday at $22.56.