UBS Warburg Cuts American Water Works to 'Hold'

Analyst Walter Kirchberger lifts his stock price target after the water company got a $46 per share bid from RWE AG

UBS Warburg downgraded shares of American Water Works (AWK ) to hold from buy. On Tuesday, the water services company agreed to be acquired by German utility RWE AG for $46 cash per share, or about $4.6 billion.

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