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Fly News Breaks for December 29, 2017
AWK
Dec 29, 2017 | 07:58 EDT
Argus analyst John Staszak raised his price target on American Water to $105, saying the company stands to benefit from "favorable water industry fundamentals, which should result in above-average rate base, earnings and dividend growth over time". Staszak also says American Water has significant opportunities to acquire smaller utilities, producing cost savings from the deals while financing these purchases without dilutive share issuance. The analyst keeps his Buy rating.
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