UBS raises American Water stock price target on valuation update By Investing.com

UBS has increased its price target for American Water Works Company Inc. (NYSE:AWK) to $162 from $156, reiterating a Buy rating. This adjustment is based on a higher average price-to-earnings multiple for the water utility group, which now stands at 18.7 times 2028 estimated earnings. The new target represents a 15% premium to the water utility group and 21.5 times the company’s pro forma earnings per share in 2028.