Tetra Technologies price target lowered to $5 from $5.50 at Northland

Northland lowered the firm’s price target on Tetra Technologies (TTI) to $5 from $5.50 and keeps an Outperform rating on the shares. The firm’s 2026 adjusted EBITDA forecast is lowered to $130.9M from $151.4M as a result of lower overall revenues, lower margins and higher SG&A forecasts. However, the firm maintains an Outperform as it thinks shares “currently reflect a worst-case scenario,” the analyst tells investors.