Evercore ISI Group Downgrades American Water Works to In-Line, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Durgesh Chopra downgraded American Water Works (AWK) from Outperform to In-Line and reduced the price target from $160 to $135.
February 16, 2024 | 12:45 pm
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American Water Works was downgraded by Evercore ISI Group from Outperform to In-Line, with a price target reduction from $160 to $135.
The downgrade from Outperform to In-Line suggests a neutral outlook on the stock, indicating that the analyst believes the stock will perform in line with the market or sector. The reduction in price target from $160 to $135 represents a significant decrease in expected value, which could lead to a negative short-term impact on the stock price as market participants adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100