Information Provided By:
Fly News Breaks for October 28, 2016
CWT
Oct 28, 2016 | 05:43 EDT
Barclays analyst Daniel Ford downgraded California Water Service Group to Underweight saying consensus estimates need to move down "sharply" to reflect a large reduction to rate base. The analyst sees lower earnings power and cut his price target for the shares to $28 from $31.