New York American Water agrees to acquire Lucas Estates Water Company New York American Water announced that it has signed an agreement to purchase the Lucas Estates Water Company in the Town of Rochester, Ulster County, NY. The water system acquisition agreement now moves to the New York Public Service Commission for approval. New York American Water will provide the systemsí more than 30 customer accounts with water service. Financial terms of the sale were not disclosed.
Badger Meter upgraded to Outperform from Neutral at Baird Baird analyst Richard Eastman upgraded Badger Meter (BMI) to Outperform saying the company's three year contract win with American Water (AWK) is very positive. Eastman raised his price target for the shares to $63 from $59 ahead of the company's Q4 results on Friday.