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Fly News Breaks for December 6, 2018
WTR
Dec 6, 2018 | 09:09 EDT
As reported previously, Baird analyst Ben Kallo upgraded Aqua America to Outperform from Neutral. The analyst believes water utilities can be a relative safe haven and could benefit from a shift to less risky investments. Although valuations are high, he believes premiums are warranted given the market volatility and compelling sector growth. Kallo raised his price target to $39 from $35 on Aqua America shares.
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