UBS analyst Gregg Orrill upgraded Essential Utilities to Buy from Neutral with a price target of $55, up from $54. The firm sees a valuation-driven opportunity in shares given the current 12% discount to SOTP fair value, the analyst tells investors in a research note. Recent EPS guidance was in line, but conservative, and UBS says the upgrade reflects a better positioned Essential Utilities.
Published first on TheFly
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