Barclays analyst Theresa Chen initiated coverage of WaterBridge Infrastructure (WBI) with an Overweight rating and $29 price target WaterBridge offers a unique competitive advantage given its access to ample, contiguous pore space on premier acreage, the analyst tells investors in a research note. The firm added that the outlook is underpinned by fee-based, long-term contracts with well-capitalized customers and visible near-term growth.
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