As previously reported, Northland downgraded Select Water Solutions (WTTR) to Market Perform from Outperform with a $12 price target citing the firm’s view that the current valuation is “reasonable for shares today.” The firm would want to see a larger increase in FY26 adjusted EBITDA generation, more bolt-ons like the recently announced lithium extraction, or a pickup in U.S. onshore activity to get more constructive, the analyst tells investors.
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