NYSE:AWR - New York Stock Exchange, Inc. - US0298991011 - Common Stock - Currency: USD
BofA Securities analyst Ross Fowler initiated coverage on California Water Service Group (NYSE:CWT) with a Buy rating and price forecast of $57, which implies an upside potential of 17%. Per Fowler, the company is currently trading at the lowest valuation compared to other U.S. water utilities, even though its earnings outlook is improving and it has significant capital investment plans for 2025-2028. California Water also has extra financial capacity to increase capital spending if needed. The
BofA Securities analyst initiates coverage on California Water with a Buy rating and $57 price target, highlighting its 17% upside potential and status as the cheapest US water utility amid strong competition and growing capital plans.
Investing in steady dividend-paying companies is a great way to generate passive income no matter what the stock market is doing.
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AWR stock results show that American States Water met analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips American States Water (NYSE:AWR) just reported results for the first quarter of...
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