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SJW Group downgraded to Neutral from Overweight at JPMorgan
The Fly

SJW Group downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Richard Sunderland downgraded SJW Group to Neutral from Overweight with a price target of $84, down from $86. The analyst sees a "narrowing risk/reward" following the strong share performance in the second half of 2022. The firm moves to the sidelines pending final CPUC cost of capital clarity and update on inflation impacts to 2023 earnings.

Published first on TheFly

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