Ladenburg Thalmann Maintains Neutral on American Water Works

Ladenburg Thalmann is out with its report today on American Water Works AWK, maintaining Neutral. In a note to clients, Ladenburg Thalmann writes, "We remain Neutral weight on AWK, pending better visibility into the outcome of 13 underway or soon to begin rate cases in as many states that are likely to play a key role in determining the sustainability of what has been in our view the water utility industry's best growth story in recent years." Shares of AWK closed Friday at $29.53, up 0.41% from Thursday's close.