Wells Fargo Adjusts Price Targets On Water Utility Companies

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.
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