Wells Fargo analyst Jonathan Reeder raised the firm’s price target on American Water to $159 from $149 to reflect higher peer group multiples since his last update, while keeping an Equal Weight rating on the shares. His outlook for the sector is not as bullish heading into 2023, nor is he outright bearish.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on AWK: