Aris Water Solutions price target lowered to $20 from $24 at Evercore ISI

Evercore ISI analyst Samantha Hoh lowered the firm’s price target on Aris Water Solutions to $20 from $24 and keeps an Outperform rating on the shares as the firm is lowering its 2023 EBITDA estimate by $28M, or 15%, for lower production growth from the company’s dedicated acreage following the company’s Q4 report.