Wells Fargo raised the firm’s price target on American Water (AWK) to $131 from $126 and keeps an Equal Weight rating on the shares. Following conversations with the companies, the firm revised its Q1 2026 estimates to reflect known and measurable drivers across its regulated utility coverage. Wells also raised its base value multiple to 17.5 times from 17 times.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AWK:
- American Water initiated with a Hold at Truist
- American Water price target raised to $124 from $122 at Barclays
- Indiana American Water launches PFAS treatment project
- American Water Issues $700 Million Senior Notes for Funding
- Kentucky American Water to invest $1.4M to upgrade critical water infrastructure