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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Read More on AWK:
- American Water Works Reports Strong Q1 2025 Results
- American Water Works Reports Strong Earnings and Dividend Growth
- American Water reports Q1 EPS $1.05, consensus $1.07
- American Water sees FY25 EPS $5.65-$5.75, consensus $5.72
- American Water announces 8.2% quarterly dividend increase to 82.75c per share