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Brean Murray Carret reiterated its Aqua America
WTR Buy rating and $29 price target in a research report published today.
In the report, Brean Murray Carret stated, "Q11 results aside, our positive investment thesis is driven by both the earnings power of the base regulated business through 2013 and the potential of the unregulated operations associated with water supply to Marcellus Shale drillers."
Shares of Aqua America were trading at $22.02 at the time of posting, down 1.34% from Monday's market close.
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