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Fly News Breaks for August 27, 2018
CWT
Aug 27, 2018 | 07:33 EDT
Wells Fargo analyst Jonathan Reeder resumed coverage of California Water Service with a Market Perform rating and $44 price target. The analyst is attracted to its low risk, regulated strategy and forecast attractive EPS growth over the next 5 years above the 5%-7% water utility industry average. However, valuation considerations keep him on the sidelines.
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