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American Water price target raised to $147 from $142 at Wells Fargo

Wells Fargo raised the firm’s price target on American Water (AWK) to $147 from $142 and keeps an Equal Weight rating on the shares. The firm cites another solid and straightforward quarterly update from the company. The 2025 capital investment program is on track and management reiterated the 7%-9% longer-term EPS and dividend CAGRs underpinned by 8%-9% rate base growth, Wells adds.

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