Essential Utilities price target raised to $47 from $42 at UBS

UBS analyst Gregg Orrill raised the firm’s price target on Essential Utilities (WTRG) to $47 from $42 and keeps a Buy rating on the shares. Essential Utilities management presented at the UBS Kohler conference and reiterated guidance metrics including long-term annual EPS growth of 5%-7%, the analyst tells investors in a research note. The firm believes Essential Utilities looks well-positioned within water utilities.