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- Wells Fargo analyst Jonathan Reeder updated his price targets on some water utility companies.
- Reeder raised the price target for SJW Group (NYSE:SJW) to $77 (an upside of 11%) from $76 and maintained an Overweight rating on the shares.
- He double upgraded SJW Group to Overweight from Underweight in early November and raised the price target to $76 from $70.
- The analyst raised California Water Service Group's (NYSE:CWT) price target to $63 (a downside of 3%) from $62 and maintained an Underweight rating on the shares.
- Reeder lowered the price target for American States Water Co (NYSE:AWR) to $97 (an upside of 0.65%) from $98 and maintained an Equal-Weight rating on the shares.
- In early November, the analyst had downgraded American States Water to Equal Weight from Overweight with a $98 price target.
- Also read, Wells Fargo Downgrades This Water Utility Company.
- Price Action: SJW shares are trading higher by 2.69% at $69.17, CWT up by 3.25% at $65.06, and AWR higher by 2.33% at $96.37 on the last check Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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