Aris Water Solutions price target lowered to $30 from $34 at Stifel

Stifel lowered the firm’s price target on Aris Water Solutions (ARIS) to $30 from $34 and keeps a Buy rating on the shares. Aris reported Q1 results above the firm’s expectations, though the quarter did benefit from about $2M of deferred costs, the analyst tells investors. While lower skim oil revenues do provide a headwind for cash flows, the firm views it as “manageable,” the analyst added in a post-earnings note.