7/102 sources · 2 publishersUpdated Nov 6, 23:59 UTC
Freedom Broker upgrades American States Water to Buy and lifts price target to $99
Freedom Broker raised its rating on American States Water (AWR) from Hold to Buy and increased its price target from $89 to $99. The broker cited the company's third‑quarter 2026 diluted EPS of $1.06 and revenue of $192.53 million, both below estimates, but noted adjusted EPS improvements. The new target suggests roughly 10% upside from the November 6 close.
Why it matters
The higher price target implies potential upside for investors, while the Buy rating may attract new buying interest. The broker also adjusted its 2026 EPS estimate down 2% to $3.68 and raised the fourth‑quarter 2026 EPS estimate to $0.77.
Key facts
- 1Freedom Broker upgraded American States Water to Buy from Hold. investing.com
- 2The price target was raised to $99 from $89. investing.com
- 3Third‑quarter 2026 diluted EPS was $1.06. investing.com
- 4Quarterly revenue was $192.53 million. investing.com
- 5Freedom Broker cut its 2026 EPS estimate by 2% to $3.68 from $3.76. investing.com
- 6The broker increased its fourth‑quarter 2026 EPS estimate to $0.77 from $0.73. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.