UPDATE: Ladenburg Thalmann Raises PT on American Water Works to $32
Ladenburg Thalmann is out with its report today on American Water Works (NYSE: AWK), raising its PT from $31 to $32.
In its report, Ladenburg Thalmann writes, "We maintain our Neutral rating and increase our 12M price target to $32 from $31, representing a total 1-year return of 9%. Our target is based on shares trading at 16.5x our 2012 EPS estimate of $1.94, a 10% discount to peers (which includes all publicly listed U.S. regulated water utilities)."
At the time of posting, shares of AWK were trading at $30.41, up 1.03% from Wednesday's close.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.