UBS Upgrades California Water Servs Gr to Neutral, Announces $49 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Gregg Orrill upgraded California Water Service Group (CWT) from Sell to Neutral and set a price target of $49. This adjustment reflects a change in UBS's outlook on CWT, potentially due to new data or a reassessment of the company's value and market position.
April 04, 2024 | 3:00 pm
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UBS upgraded California Water Service Group (CWT) from Sell to Neutral and set a new price target of $49, indicating a positive reassessment of the company's market position and value.
The upgrade from Sell to Neutral by a major analyst like UBS suggests a significant change in the company's valuation or market position. This could lead to increased investor confidence and potentially drive the stock price up in the short term, especially with a set price target of $49 which might act as a new benchmark for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100