Stifel downgraded Aris Water Solutions (ARIS) to Hold from Buy with a price target of $25, down from $30, after Western Midstream Partners (WES) agreed to acquire all of the outstanding shares of Aris in a stock-and-cash deal valued at approximately $1.5B.
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Read More on ARIS:
- Aris Water Solutions Merges with Western Midstream
- Western Midstream to acquire Aris Water in $1.5B equity and cash deal
- Western Midstream to acquire Aris Water Solutions in equity-and-cash deal
- Aris Water Solutions Extends Key Agreement with ConocoPhillips
- Aris Water Solutions assumed with a Neutral at JPMorgan
