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Fly News Breaks for December 6, 2018
AWK
Dec 6, 2018 | 08:59 EDT
As reported previously, Baird analyst Ben Kallo upgraded American Water to Outperform from Neutral. The analyst believes water utilities can be a relative safe haven and could benefit from a shift to less risky investments. Although valuations are high, he believes premiums are warranted given the market volatility and compelling sector growth. Kallo raised his price target to $103 from $88 on American Water shares.
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