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Fly News Breaks for August 5, 2016
AWR
Aug 5, 2016 | 09:03 EDT
As reported previously, Janney Capital upgraded American States Water to Neutral from Sell, with analyst Michael Gaugler saying the company reported "solid" Q2 results. The analyst, who said he considers American States a "well run group of businesses" positioned for long-term future growth, cites valuation for his rating. He raised his fair value estimate on the stock to $39 from $35.