Northland upgrades Select Water Solutions after conference boosts confidence

As previously reported, Northland upgraded Select Water Solutions to Outperform from Market Perform with a $14.50 price target based on increased confidence in the company’s water infrastructure growth strategy after attending an industry conference. The firm, which notes that the water infrastructure segment has “notably higher” margins and is growing more quickly than the company’s other two segments, has gained more confidence in Select’s position in the emerging opportunity with beneficial reuse, the analyst added.