Select Water Solutions price target raised to $16 from $15 at Raymond James

Raymond James analyst James Rollyson raised the firm’s price target on Select Water Solutions (WTTR) to $16 from $15 and keeps a Strong Buy rating on the shares. Select Water Solutions posted generally solid results as both Water Infrastructure and Water Services fell within the guidance ranges for profitability, while new product traction drove Chemical Technologies to lead a consolidated beat in Q3, also helping drive a modest improvement to Q4 guidance over Street expectations, the analyst tells investors in a research note.