J.P. Morgan Terminates Coverage of American Water Works

J.P. Morgan terminated its coverage of American Water Works (NYSE: AWK).

In a research report published today, J.P. Morgan states, "We are terminating coverage of American Water Works (AWK). American Water Works is the only water utility under our coverage and we no longer plan to cover water utilities as part of our ongoing coverage of electric and gas utilities. Our last rating on the stock is Neutral. Effective upon termination of coverage, the last research issued for this stock should not be relied upon going forward."

On Wednesday, American Water Works ended the day at $29.30.