There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on American Water (AWK – Research Report) and Algonquin Power & Utilities (AQN – Research Report) with bullish sentiments.
American Water (AWK)
In a report released today, Michael Gaugler from Janney Montgomery maintained a Buy rating on American Water, with a price target of $169.00. The company’s shares closed last Monday at $127.02.
Gaugler has an average return of
According to TipRanks.com, Gaugler is ranked #3292 out of 8673 analysts.
Currently, the analyst consensus on American Water is a Moderate Buy with an average price target of $145.14.
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Algonquin Power & Utilities (AQN)
Wells Fargo analyst Neil Kalton maintained a Buy rating on Algonquin Power & Utilities on January 17 and set a price target of $8.00. The company’s shares closed last Monday at $5.92.
According to TipRanks.com, Kalton is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Algonquin Power & Utilities with a $6.72 average price target, representing a 12.8% upside. In a report issued on January 7, BMO Capital also upgraded the stock to Buy with a C$7.50 price target.
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