Global Water Resources price target lowered to $12.50 from $15 at Roth Capital

Roth Capital lowered the firm’s price target on Global Water Resources (GWRS) to $12.50 from $15 and keeps a Buy rating on the shares after its Q4 results and due to the delay in its rate case. A recent decline in the stock likely opened up a buying opportunity as shares trade at a discount to water utility peers, the analyst tells investors in a research note.