Freedom Broker upgrades American States Water stock rating to buy on higher price target
Freedom Broker upgraded American States Water (AWR) to Buy, raising its price target to $99. Q3 2026 EPS was $1.06, missing estimates. Revenue was $192.53M, below expectations. The firm adjusted its EPS estimates for 2026-2028. AWR trades above InvestingPro’s Fair Value estimate. The company has raised dividends for 34 consecutive years.
How this was made
The 30-second read
Why it matters
The rating upgrade and higher price target could attract dividend‑seeking investors, supporting the stock price in the short term.
Market read
The article provides fresh analyst coverage that can move AWR's price today.
What to watch
Potential downside from the $17,000 loss in retirement plan investments and flat revenue growth.
Background
Freedom Broker provides research on U.S. stocks; American States Water is a $3.5B water utility with a long dividend streak.
Ticker impact
Freedom Broker upgraded American States Water to Buy and raised the price target to $99, citing Q3 earnings and revised EPS guidance.
likely upward pressure as investors price in the new target and guidance
The upgrade to Buy and a 11.4% implied upside provide a clear catalyst for buying interest.
Market effects
May lift sentiment for other water utilities as the sector appears undervalued.
Limited to U.S. utility investors.
Low
Counterpoint
The upgrade may be premature if earnings remain flat and revenue misses estimates.
Key entities
- analystFreedom Broker
Research firm that issued the upgrade and new price target.
- companyAmerican States Water
U.S. water utility (ticker AWR) subject of the upgrade.

