Wells Fargo Downgrades American Water Works to Underweight, Raises Price Target to $138
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jonathan Reeder has downgraded American Water Works (NYSE:AWK) from Equal-Weight to Underweight while raising the price target from $127 to $138.
July 31, 2024 | 11:52 am
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Wells Fargo has downgraded American Water Works from Equal-Weight to Underweight, but raised the price target to $138.
The downgrade to Underweight suggests a negative outlook on the stock, which could lead to a short-term decline in its price. However, the raised price target to $138 indicates some underlying value, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100