Baird Maintains Outperform on Essential Utilities, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Ben Kallo has maintained an Outperform rating on Essential Utilities (NYSE:WTRG) but has lowered the price target from $44 to $43.
May 06, 2024 | 10:50 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Baird maintains an Outperform rating on Essential Utilities but lowers the price target from $44 to $43.
The adjustment in price target by Baird reflects a slight modification in their valuation assessment of Essential Utilities, yet the Outperform rating indicates continued confidence in the company's performance. This suggests a neutral to slightly positive outlook for the stock in the short term, as the reduction in price target might be offset by the maintained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100