Select Water Solutions upgraded to Outperform from Market Perform at Northland

Northland upgraded Select Water Solutions (WTTR) to Outperform from Market Perform with a price target of $18, up from $12. Q4 results and commentary were “decisively bullish,” says the analyst, who sees the network effect of its infrastructure segment “taking hold” along with strong gains in its chemicals segment. Given the firm’s “street-high (and achievable) FY27 estimates,” the firm sees “a compelling story,” the analyst added.