American Water Works Gains Favor: Analyst Highlights Strong Financial Footing, Eyes 8% CAGR
Portfolio Pulse from Lekha Gupta
Mizuho Securities analyst Anthony Crowdell initiated coverage on American Water Works Co Inc (NYSE:AWK) with a Buy rating and a price target of $134. Crowdell is bullish on AWK's balanced approach to capital allocation and strong capital plan. He believes that AWK has a strong balance sheet and doesn't need any additional equity until the end of 2027. The analyst sees the infrastructure mechanisms and timely capital recovery leading to a CAGR of 8%.
October 03, 2023 | 6:39 pm
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American Water Works Co Inc (NYSE:AWK) received a Buy rating from Mizuho Securities analyst Anthony Crowdell, who is bullish on the company's capital allocation and strong capital plan. He believes that AWK doesn't need any additional equity until the end of 2027 and sees a CAGR of 8%.
The positive rating from Mizuho Securities analyst Anthony Crowdell is likely to have a positive impact on AWK's stock price in the short term. The analyst's bullish stance on the company's capital allocation and strong capital plan, as well as his belief that the company doesn't need any additional equity until the end of 2027, are all positive indicators for the company's financial health and future growth. This, combined with the projected CAGR of 8%, suggests a positive outlook for the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100