Tetra Technologies downgraded to Hold from Buy at Clear Street

Clear Street downgraded Tetra Technologies (TTI) to Hold from Buy with a price target of $11, up from $10. The firm attributes the downgrade to the stock’s valuation and limited upside potential, following the stock’s strong price performance the past seven weeks, the analyst tells investors in a research note. Clear Street adds that while the firm is modeling 5% sales growth this year and 9% sales growth next year, driven by battery energy storage and Desalination, Tetra Technologies faces a tough comp in the first half of 2026 as it laps the CS Neptune completion fluids Gulf project from the year-ago period, which provided an above-average EBITDA margin boost during most of the first half of FY25.