BofA raised the firm’s price target on H2O America (HTO) to $59 from $58 and keeps a Buy rating on the shares after the company reported Q3 earnings per share of $1.27, versus consensus at $1.18, and narrowed FY25 guidance to the high end of the $2.90-$3.00 EPS range. The firm, which updated its EPS forecasts following the report, cites a mark to market for group average water utility multiples and higher 2027 EPS for its raised target.
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