Citi analyst Spiro Dounis downgraded Aris Water Solutions (ARIS) to Neutral from Buy with a price target of $26, up from $18. The firm cites valuation for the downgrade following the stock’s over 160% outperformance versus the broader midstream group since the beginning of 2024. Share outperformance from here may be more challenging with the “low hanging fruit” on Aris Water’s cost savings largely achieved, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARIS:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue