UBS Maintains Neutral on American Water Works, Raises Price Target to $139
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Daniel Ford maintains a Neutral rating on American Water Works (AWK) and raises the price target from $124 to $139.
May 13, 2024 | 5:44 pm
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UBS analyst Daniel Ford maintains a Neutral rating on American Water Works but raises the price target from $124 to $139, indicating a positive outlook on the stock's valuation.
The increase in price target by UBS suggests an improved valuation outlook for American Water Works, which could lead to positive investor sentiment and a potential increase in the stock price in the short term. However, the maintenance of a Neutral rating indicates that the analyst sees the stock as fairly valued at current levels, balancing the potential for both upside and downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100