SJW Group price target lowered to $59 from $61 at Seaport Research

Seaport Research analyst Angie Storozynski lowered the firm’s price target on SJW Group (SJW) to $59 from $61 and keeps a Buy rating on the shares. The firm maintains its positive stance on the water utilities sector and is drawn to SJW Group given its highly-discounted valuation, the analyst tells investors.