American States Water Faces High Valuation Risks, BofA Downgrades Stock - American States Water (NYSE:AWR)
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1 Articles
American States Water Faces High Valuation Risks, BofA Downgrades Stock - American States Water (NYSE:AWR)
BofA Securities analyst Ross Fowler downgraded the shares of American States Water Co (NYSE:AWR) from Neutral to Underperform and lowered the price forecast from $85 to $71. The analyst has lowered the rating due to AWR’s relatively high premium compared to the water utility sector and the view that utilities with elevated premiums continue to witness compression versus value. While the analyst does not see any fundamental decline in earnings qu…
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