BofA initiated coverage of California Water Service (CWT) with a Buy rating and $57 price target California Water trades at the lowest multiple of any U.S. pure-play regulated water utility, despite improving earnings visibility and meaningfully higher capital investment proposed for 2025-2028, says the analyst, who continues to prefer “a heavy value tilt in the water utility group.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CWT:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue