Baird lowered the firm’s price target on California Water Service to $52 from $56 and keeps an Outperform rating on the shares. The firm said Q4 results missed consensus and were mixed versus estimates which they believe is partially due to varying assumptions as to the timing of a one-time retroactive benefit in the delayed 2021 General Rate Case (GRC).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CWT:
- California Water Service Group Announces 2023 Earnings for Year and Fourth Quarter
- Is CWT a Buy, Before Earnings?
- California Water Service Group Schedules 2023 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call
- Ex-Dividend Date Nearing for These 10 Stocks – Week of February 5, 2024
- California Water Service Group Donates More than $1.5 Million to Local Community Organizations in 2023