Wells Fargo Adjusts Price Targets On Water Utility Companies

  • Wells Fargo analyst Jonathan Reeder updated his price targets on some water utility companies.
  • Reeder raised the price target for SJW Group 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 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 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 readWells 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.
Market News and Data brought to you by Benzinga APIs
Price Target
Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!