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SJW Group (NASDAQ:SJW) improved its financial and regulatory execution, which provides “a clear and achievable growth story,” according to BofA Securities.
The SJW Group Analyst: Analyst Ross Fowler upgraded the rating for SJW Group from Neutral to Buy, while cutting the price target from $59 to $55.
The SJW Group Thesis: The stock is currently trading at a 15% discount to peers, representing the lowest multiple “of any pure-play U.S. water utility,” Fowler said in the upgrade note.
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“We think the company’s improved …
Full story available on Benzinga.com
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