Stifel raised the firm’s price target on Aris Water Solutions (ARIS) to $26 from $20 and keeps a Buy rating on the shares after the company reported Q3 results above the firm’s expectations and raised the midpoint of its 2024 EBITDA view. The firm continues to favor the Aris story and believes they should be in a strong position to continue generating significant free cash flow and returning incremental capital back to shareholders, the analyst tells investors.
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Read More on ARIS:
- Aris Water Solutions price target raised to $21 from $17 at Wells Fargo
- Aris Water Solutions Reports Strong Q3 Results and Positive Outlook
- Aris Water Solutions downgraded to Neutral from Overweight at JPMorgan
- Aris Water Solutions price target raised to $25 from $20 at Evercore ISI
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