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Fly News Breaks for January 17, 2018
CWT
Jan 17, 2018 | 09:36 EDT
Hilliard Lyons analyst Spencer Joyce downgraded California Water Service to Underperform with a $37 price target. The valuation is too high for this point in a rate case cycle, Joyce tells investors in a research note. The analyst also believes the company's cost of capital filing represents negative risk to the shares.
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