Energy Recovery downgraded to Hold from Buy at Fearnley
The Fly

Energy Recovery downgraded to Hold from Buy at Fearnley

Fearnley analyst Nils Thommesen downgraded Energy Recovery (ERII) to Hold from Buy with a $20 price target The company’s earnings growth is “kicking off” but this is reflected in the stock’s valuation, the analyst tells investors in a research note.

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