Baird Maintains Outperform on California Water Servs Gr, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Ben Kallo maintains an Outperform rating on California Water Service Group (CWT) but lowers the price target from $56 to $52.
March 01, 2024 | 5:44 pm
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NEUTRAL IMPACT
Baird maintains an Outperform rating on California Water Service Group but lowers the price target from $56 to $52.
While the reduction in price target could suggest a more cautious outlook on the stock's short-term price potential, the maintenance of an Outperform rating indicates a continued positive view on the company's fundamentals and long-term prospects. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the analyst's ongoing confidence in the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100