Wells Fargo Adjusts Price Targets On Water Utility Companies - SJW Gr (NYSE:SJW), Caterpillar (NYSE:CAT), American States Water (NYSE:AWR)

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 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.