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Stock Market & Financial Investment News

News Breaks
February 28, 2014
08:28 EDTAWRAmerican States Water downgraded to Neutral from Buy at Janney Capital
As previously reported, Janney Capital downgraded American States Water to Neutral, citing American States and other California water utilities' agreement to waive the automatic ROE-interest rate indexation clause as part of a recent deal with the CPUC. The deal lock in their current 9.43% ROE, which is one of the nation's lowest, for a couple more years, Janney said. The firm lowered its price target on shares to $30 from $32.
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