Global Water Resources price target lowered to $15 from $18 at Roth Capital

Roth Capital lowered the firm’s price target on Global Water Resources (GWRS) to $15 from $18 and keeps a Buy rating on the shares. Results were in line with the firm’s estimates after accounting for one-time items, and while growth in the Maricopa region is modestly off its highs, it remains robust, the analyst tells investors in a research note. The rate case should work through the administrative process over the next six months, Roth says.