Select Water Solutions price target raised to $24 from $19 at Raymond James

Raymond James raised the firm’s price target on Select Water Solutions (WTTR) to $24 from $19 and keeps a Strong Buy rating on the shares. Select Water Solutions delivered a strong start to the year with a 6% revenue beat driven by higher recycling and disposal volumes, alongside significantly better-than-expected EBITDA and strong margins, while also raising Q2 EBITDA guidance and increasing its 2026 Water Infrastructure growth outlook to 25%-30%, supported by new Delaware Basin agreements and acquisitions, though this expansion required a higher net capex forecast of $200M-$250M as growth opportunities remain robust, the analyst tells investors in a research note.