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AWK

American Water

$115.29

-0.59 (-0.51%)

04:55
06/12/19
06/12
04:55
06/12/19
04:55

American Water management to meet with Wolfe Research

Meetings to be held in Europe on June 11-12 hosted by Wolfe Research.

  • 12

    Jun

AWK American Water
$115.29

-0.59 (-0.51%)

12/12/18
WELS
12/12/18
NO CHANGE
Target $104
WELS
Outperform
American Water price target raised to $104 from $97 at Wells Fargo
Wells Fargo analyst Jonathan Reeder raised his price target for American Water to $104 from $97 following the company's analyst day. Reeder notes that management utilized the analyst day to highlight the company's low risk, regulated-centric water and wastewater strategy. Specifically, American Water established 2019 EPS guidance of $3.54-$3.64 and continues to guide toward the top half of the 7%-10% EPS CAGR range through 2023, he notes. The analyst continues to be attracted to the above average growth story and has a high level of confidence in management's ability to deliver on its goals. He reiterates an Outperform rating on the shares.
03/26/19
WELS
03/26/19
DOWNGRADE
WELS
Market Perform
American Water downgraded to Market Perform from Outperform at Wells Fargo
03/26/19
WELS
03/26/19
DOWNGRADE
Target $109
WELS
Market Perform
California Water Service, American Water downgraded at Wells Fargo on valuation
Wells Fargo analyst Jonathan Reeder downgraded California Water Service (CWT) to Underperform and American Water (AWK) to Market Perform on valuation, also lowering their price targets by $1 and $2 respectively to $49 and $109. The analyst notes that although low interest rates, strong fundamentals, and the appeal of ESG - or environmental, social, and governance - investing support water utilities, the sector has become expensive on both price-to-earnings and interest rate valuation basis. Specifically, Reeded says California Water Service and American Water now both trade at about a 25% premium on price to earnings relative to the other water peers, adding that a more in-line multiple is appropriate given his forecasted growth rates for these utilities around the 6-8% peer group average.
03/27/19
03/27/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Scotts Miracle-Gro (SMG) downgraded to Market Perform at Raymond James with analyst Joseph Altobello saying shares have bounced sharply and year-over-year comparisons in its U.S. Consumer business become notably more challenging entering the spring and are likely to limit further multiple expansion. 2. Kinder Morgan (KMI) downgraded to Neutral from Buy at Citi with analyst Mirek Zak saying after rallying 30% year-to-date, the shares shares appear fairly valued with growth opportunities looking balanced against downside risk over the near-term. 3. Acacia Communications (ACIA) downgraded to Underweight from Equal Weight at Morgan Stanley. 4. American Water (AWK) downgraded to Market Perform from Outperform at Wells Fargo, while California Water Service (CWT) was downgraded to Underperform from Market Perform. 5. Cronos Group (CRON) downgraded to Sell from Hold at Canaccord with analyst Matt Bottomley citing valuation and a soft start in the Canadian adult-use market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

WORK

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AKRO

Akero Therapeutics

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QGEN

Qiagen

$41.02

0.34 (0.84%)

11:25
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Qiagen to host analyst & investor day »

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AIR

AAR Corp.

$33.83

0.125 (0.37%)

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GO

Grocery Outlet

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  • 20

    Jun

WORK

Slack Technologies

$0.00

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GNLN

Greenlane

$12.23

1.25 (11.38%)

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CCL

Carnival

$47.60

-5.25 (-9.93%)

11:18
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  • 20

    Jun

CTST

CannTrust

$5.31

-0.05 (-0.93%)

, CURR

CURE Pharmaceutical

$0.00

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CTST

CannTrust

$5.31

-0.05 (-0.93%)

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0.275 (0.64%)

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$0.00

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TLRY

Tilray

$47.00

1.55 (3.41%)

IIPR

Innovative Industrial Properties

$135.35

10.335 (8.27%)

ORTFD

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$0.00

(0.00%)

APHA

Aphria

$6.75

0.01 (0.15%)

ACB

Aurora Cannabis

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MMNFF

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$0.00

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ORHOF

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$0.00

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KSHB

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$0.00

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CRON

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$16.50

0.655 (4.14%)

MLCPF

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$0.00

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CVSI

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CANN

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NDVAF

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MRRCF

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Harvest Health & Recreation

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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KKR

KKR

$24.52

0.23 (0.95%)

11:15
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11:15
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General news
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BGNE

BeiGene

$124.98

4.98 (4.15%)

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  • 20

    Jun

PSNL

Personalis

$0.00

(0.00%)

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Breaking Syndicate news story on Personalis »

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  • 20

    Jun

AMRN

Amarin

$19.82

0.4 (2.06%)

11:08
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On The Fly
Jefferies sees Amarin stock poised for even more gains »

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  • 28

    Sep

STLD

Steel Dynamics

$29.25

-0.45 (-1.52%)

11:05
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Options
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MSON

Misonix

$23.52

(0.00%)

11:04
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MLNT

Melinta Therapeutics

$5.28

-1.02 (-16.19%)

11:04
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MSON

Misonix

$23.52

(0.00%)

11:03
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PSNL

Personalis

$0.00

(0.00%)

10:59
06/20/19
06/20
10:59
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10:59
Syndicate
Personalis indicated to open at $28, IPO priced at $17 »

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  • 20

    Jun

AGCO

Agco

$75.20

0.33 (0.44%)

10:57
06/20/19
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Conference/Events
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  • 20

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