Zacks Investment Research downgraded shares of CALIF WATER SVC (CWT) from OUTPERFORM to NEUTRAL on November 12, 2012, with a target price of $20.40.
California Water Service Company's business, which is carried on through its operating subsidiaries, consists of the production, purchase, storage, purification, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It also provides water related services under agreements with municipalities and other private companies. The nonregulated services include full water system operation, and billing and meter reading services.
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