Baird analyst Davis Sunderland downgraded Essential Utilities (WTRG) to Neutral from Outperform with a $43 price target after the company and American Water Works (AWK) agreed to combine in an all-stock merger.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WTRG:
- Essential Utilities downgraded to Neutral from Buy at Janney Montgomery Scott
- Midday Fly By: Novartis to buy Avidity, Keurig Dr Pepper beats expectations
- Essential Utilities downgraded to Neutral from Buy at Northcoast
- Video: Merger Monday with deals announced in biotechnology and banking
- Essential Utilities Merges with American Water Works