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UPDATE: Hilliard Lyons Upgrades Aqua America to Long-Term Buy on Strong Q3 Results

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Top 4 NYSE Stocks In The Water Utilities Industry With The Highest Revenue
Top 4 NYSE Stocks In The Water Utilities Industry With The Highest Revenue
Top Dividend Stock Aqua America Holds Firm In Tough Market (Investor's Business Daily)

Hilliard Lyons raised its rating on Aqua America (NYSE: WTR) from Neutral to Long-term Buy with a $29 price target.

Hilliard Lyons noted, "We  believe  momentum  due  to  the 2012  drought  and  natural  gas  water  supply initiative  has  subsided,  thus  bettering  the risk/reward proposition of shares as we continue to  be  impressed  by  results.    At  our  price  target, shares  would  trade  in  line  with  5‐year P/E multiples based on our 2013 estimates, which we  believe  is  appropriate  given  our  positive fundamental outlook." 

Aqua America closed at $25.28 on Friday.

Latest Ratings for WTR

DateFirmActionFromTo
Mar 2015BairdUpgradesNeutralOutperform
Nov 2014Hilliard LyonsUpgradesLong-term BuyBuy
Aug 2014MacquarieUpgradesUnderperformNeutral

View More Analyst Ratings for WTR
View the Latest Analyst Ratings

Posted-In: Hilliard LyonsAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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