Argus Starts American Water (AWK) at Buy

Argus initiates coverage on American Water (NYSE: AWK) with a Buy rating and a price target of $88.00.

"We expect AWK to benefit from favorable water industry fundamentals, which should result in above-average rate base, earnings and dividend growth," the analyst said.

For an analyst ratings summary and ratings history on American Water click here. For more ratings news on American Water click here.

Shares of American Water closed at $78.94 yesterday.

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