tiprankstipranks
The Fly

Evoqua Water downgraded on pending takeout at RBC Capital

Evoqua Water downgraded on pending takeout at RBC Capital

RBC Capital analyst Deane Dray downgraded Evoqua Water (AQUA) to Sector Perform from Outperform with a price target of $50, down from $51, citing the pending merger with Xylem (XYL). The takeout catalyst has been realized, says the analyst, who expects a mid-year deal close and "smooth" regulatory approval process.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on AQUA:

Questions or Comments about the article? Write to editor@tipranks.com