SJW Group upgraded to Buy from Neutral at BofA

BofA analyst Ross Fowler upgraded SJW Group (SJW) to Buy from Neutral with a price target of $55, down from $59. The firm thinks the company has cleaned up execution and provides “a clear and achievable growth story,” the analyst tells investors. In addition, shares trade at the lowest water utility multiple of any pure-play U.S. water utility, the analyst added.