Barclays initiated coverage of Essential Utilities (WTRG) with an Overweight rating and $42 price target The firm views Essential as a preferred way to gain exposure to the water industry. Barclays is confided in the company’s credit improvement and believes its earnings growth could hit the high end of the 5%-7% targeted range. Essential’s valuation is attractive at current levels, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WTRG:
- Essential Utilities Invests in Pennsylvania Data Center Project
- Essential Utilities to invest $26M in Western Pennsylvania data center
- Essential Utilities price target raised to $47 from $42 at UBS
- Essential Utilities Issues $500M Senior Notes Offering
- Essential Utilities price target raised to $47 from $46 at Baird