Granite Construction awarded $61M dam removal project Granite Construction (GVA) announced that it has been awarded a $61M dam removal contract by California American Water, a subsidiary of water and wastewater utility American Water (AWK). Granite expects to book the project into backlog during Q2. Construction is scheduled to start in July and will take approximately 28 months to complete.
American Water upgraded to Buy from Neutral at Citigroup Citigroup upgraded American Water citing valuation and the company's solid growth outlook. The firm raised its price target for shares to $48 from $42.