Robert Kad, an analyst from Morgan Stanley, has initiated a new Hold rating on Waterbridge Infrastructure LLC Class A (WBI).
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Robert Kad’s rating is based on Waterbridge Infrastructure LLC’s strong market position and growth potential, balanced by certain risks. The company has established itself as a leader in water infrastructure services, particularly in the Delaware Basin, which is crucial for energy producers. This strategic positioning supports robust EBITDA growth projections over the coming years, driven by its extensive infrastructure network and recent capacity expansions.
However, despite these positive aspects, Robert Kad has opted for a Hold rating due to potential downside risks associated with fluctuating oil prices, which could impact the company’s near-term performance. While the long-term growth outlook remains positive, these risks suggest a more cautious approach in the immediate future, justifying the Hold recommendation.
In another report released today, Piper Sandler also initiated coverage with a Hold rating on the stock with a $27.00 price target.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WBI in relation to earlier this year.