Barclays has begun coverage on American Water Works Company, Inc. (AWK, Financial), assigning it an Underweight rating. The firm has set a price target of $138 for the stock. According to Barclays, American Water is currently priced at a premium compared to its peers, even though its growth prospects are considered average.
Furthermore, Barclays has expressed concerns about potential downside risks to the consensus earnings projections for the company in fiscal year 2026. As a result, investors are advised to take note of these evaluations when considering their investment strategies with respect to AWK.
