Analysts Offer Insights on Utilities Companies: American Water (AWK) and Brookfield Infrastructure (BIP)
Analysts have been eager to weigh in on the Utilities sector with new ratings on American Water (AWK) and Brookfield Infrastructure (BIP).
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American Water (AWK)
Truist Financial analyst Richard Sunderland maintained a Hold rating on American Water yesterday. The company’s shares closed last Friday at $127.38.
According to TipRanks.com, Sunderland is a 4-star analyst with an average return of
American Water has an analyst consensus of Hold, with a price target consensus of $135.60, representing a 4.7% upside. In a report issued on April 30, TipRanks – Google also downgraded the stock to Hold with a $145.00 price target.
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Brookfield Infrastructure (BIP)
RBC Capital analyst Maurice Choy maintained a Buy rating on Brookfield Infrastructure on April 30 and set a price target of $41.00. The company’s shares closed last Friday at $36.18, close to its 52-week high of $36.50.
According to TipRanks.com, Choy is a 5-star analyst with an average return of
Currently, the analyst consensus on Brookfield Infrastructure is a Strong Buy with an average price target of $44.86, representing a 24.5% upside. In a report issued on April 20, Morgan Stanley also maintained a Buy rating on the stock with a $45.00 price target.
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