BTIG raised the firm’s price target on H2O America (HTO) to $66 from $61 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in Utilities. The firm says it expects continued upbeat tone from utility management teams in front of load growth momentum, projecting about 1.2% EPS growth in the quarter. BTIG adds that the inflection in demand growth and associated rate base growth is now fully underway.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HTO:
- H2O America: Quadvest Acquisition Expands Texas Footprint but Near‑Term Earnings Dilution Supports Hold Rating
- H2O America initiated with a Hold at TD Cowen
- Adobe downgraded, Nio upgraded: Wall Street’s top analyst calls
- H2O America initiated with an Outperform at Baird
- H2O America price target raised to $63 from $61 at Barclays