Select Water Solutions price target lowered to $16 from $19 at Raymond James

Raymond James lowered the firm’s price target on Select Water Solutions (WTTR) to $16 from $19 and keeps a Strong Buy rating on the shares. Select Water Solutions reported solid results to start the year, driven by strong Water Services and Chemical Technologies that offset a slightly softer-than-expected result in Water Infrastructure, the analyst tells investors in a research note. The firm still sees “tremendous” upside potential for Select.