Baird raised the firm’s price target on Essential Utilities to $45 from $43 and keeps an Outperform rating on the shares. The firm said the Q2 call was highlighted by discussion surrounding weather-related impacts in the natural gas business, which they believe will be mitigated with the implementation of a weather normalization clause taking effect in Q4.
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: