Premarket roundup: American Water Works, Petrohawk

Among the premarket stories for Monday, June 2, from AP Financial News:

NEW YORK (AP) _ Two analysts initiated coverage of American Water Works Co. Monday and said the recently public water utility stands to post strong earnings growth in the months and years ahead.

NEW YORK (AP) _ Shares of Petrohawk Energy Corp. will benefit from growing reserves and access to several oil-rich areas, a Lehman Brothers analyst said in a note to investors Monday.

NEW YORK (AP) _ Shares of alternative energy company Energy Conversion Devices Inc. fell back from all-time highs in premarket trading Monday, as a Lehman Brothers analyst said the stock has reached a fair price.

NEW YORK (AP) _ A Friedman, Billings, Ramsey analyst significantly raised his coal price predictions and upgraded a major miner to "Outperform," suggesting that demand will far outpace supply through 2010.

NEW YORK (AP) _ Sovereign Bancorp Inc.'s recent $1.9 billion capital raise led a Keefe, Bruyette & Woods analyst to raise his rating and price target Monday.

NEW YORK (AP) _ A Deutsche Bank analyst upgraded Holly Corp. and Tesoro Corp. late Sunday, saying he still sees value in the companies despite challenges from high crude oil prices and tight margins.