Select Water Solutions initiated with a Buy at Texas Capital

Texas Capital initiated coverage of Select Water Solutions (WTTR) with a Buy rating and $18 price target Select Water offers investors exposure to a market leader in full lifecycle water solutions at an attractive relative valuation, the analyst tells investors in a research note. The firm says Select Water’s ongoing transformation to an infrastructure-led company also creates a “rate-of-change story” by replacing more volatile, activity-based revenue with more stable, predictable cash flows.