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Fly News Breaks for December 16, 2016
CWCO
Dec 16, 2016 | 08:20 EDT
Roth Capital analyst Gerry Sweeney says that while Q3 results were challenging based on write down of several operations, Consolidated Water remains well positioned in its core Caribbean operations and believes negotiations with Water Authority Cayman continue to progress in a positive manner. Further, the analyst notes that as the Rosarito project moves forward, the company could add substantial cash to its already strong balance sheet as it recoups investment. Sweeney believes Consolidated Water offers an "intriguing value opportunity," and reiterates a Buy rating and $15 price target on the shares.
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