Market Overview

UPDATE: Ladenburg Thalmann Upgrades Connecticut Water Service to Buy on Regulatory Outlook

Related CTWS
Top 4 NASDAQ Stocks In The Water Utilities Industry With The Lowest PEG Ratio
Utility Stocks - The Shift Is On - Industry Outlook

Ladenburg Thalmann raised its rating on Connecticut Water Service (NASDAQ: CTWS) from Neutral to Buy with a reiterated $32 price target.

Ladenburg Thalmann commented, "New PURA Commission Offers Likely Improved Climate for Water Utilities. In the past 6 months, Connecticut Governor Dan Malloy has appointed 2 new members to CT's 3-Director (Commissioner) Public Utilities Regulatory Authority. The first, Chairman Arthur House, is a former Congressional aide who later held lobbying positions for several healthcare companies as well as held the role of Director of Communications for the Director of National Intelligence. The second, Michael Caron, is a former industry lobbyist and Republican CT lawmaker, and has expressed interest in energy efficiency and renewables. With PURA facing intense public pressure to improve the state's electric infrastructure in the wake of two notable storm-related failures, we believe the foundation for a more constructive Connecticut water utility regulatory environment is now in place."

Connecticut Water Service closed at $29.31 on Monday.

Latest Ratings for CTWS

DateFirmActionFromTo
Jan 2014Hilliard LyonsDowngradesBuyLong-term Buy
Aug 2013Hilliard LyonsInitiates Coverage onBuy
Aug 2013Hilliard LyonsInitiates Coverage onBuy

View More Analyst Ratings for CTWS
View the Latest Analyst Ratings

Posted-In: Ladenburg ThalmannAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (CTWS)

Around the Web, We're Loving...

Get Benzinga's Newsletters