Aris Water Solutions price target raised to $26 from $20 at Stifel
The Fly

Aris Water Solutions price target raised to $26 from $20 at Stifel

Stifel raised the firm’s price target on Aris Water Solutions (ARIS) to $26 from $20 and keeps a Buy rating on the shares after the company reported Q3 results above the firm’s expectations and raised the midpoint of its 2024 EBITDA view. The firm continues to favor the Aris story and believes they should be in a strong position to continue generating significant free cash flow and returning incremental capital back to shareholders, the analyst tells investors.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App