Fly News Breaks for January 11, 2018
AWK
Jan 11, 2018 | 06:33 EDT
BofA/Merrill analyst Julien Dumoulin-Smith downgraded American Water to Neutral and lowered its price target to $91 from $97 citing premium valuation and guidance fears. The analyst is concerned about the impact of flowing back tax credits and the punitive impact on financing the existing NOL position.
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