NEW YORK, July 1 (newratings.com) - Analysts at Brean Murray initiate coverage of American Water Works Co (ticker: AWC (
7579.KL -
news) )
with a "buy" rating. The target price is set to $28.
In a research note published this morning, the analysts mention that the company's growth prospects are expected to be driven by increased capex, acquisitions and expected rate case filings. Rising earnings and stable industry valuations indicate a possible upside to American Water Works' share price in the near future, the analysts add.
© 2009 New Ratings
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