Mizuho Downgrades American Water Works to Neutral, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Anthony Crowdell has downgraded American Water Works (NYSE:AWK) from Outperform to Neutral, while raising the price target from $131 to $140.
October 15, 2024 | 11:52 am
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NEUTRAL IMPACT
Mizuho has downgraded American Water Works from Outperform to Neutral, indicating a less bullish outlook. However, the price target has been raised to $140, suggesting some positive expectations.
The downgrade from Outperform to Neutral suggests a less optimistic view on AWK's short-term performance, which could lead to a neutral impact on the stock price. However, the raised price target to $140 indicates some positive expectations, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100