SJW Group Has A 'Clear And Achievable Growth Story,' Says Bullish Analyst
1. BofA upgraded SJW from Neutral to Buy, reducing price target to $55. 2. SJW currently trades at a 15% discount compared to peer utilities. 3. Analyst cites improved EPS consistency supporting 5%-7% EPS growth guidance. 4. Eversource Energy's sale of Aquarion could positively impact SJW's valuation. 5. Future M&A risks may increase for SJW despite potential benefits from scale.