H2O America initiated with an Overweight at Barclays

Barclays initiated coverage of H2O America (HTO) with an Overweight rating and $61 price target The firm sees the company’s see Quadvest deal as accretive to its earnings growth rate longer term. The deal could push H2O’s annual earnings growth to the 7%-8% range, the analyst tells investors in a research note. Barclays sees re-rating potential for the shares.