Evoqua Water price target raised to $55 from $54 at Stifel

Stifel raised the firm’s price target on Evoqua Water (AQUA) to $55 from $54 and keeps a Buy rating on the shares. Evoqua Water reported "strong" Q2 results, with both revenue and EBITDA above expectations, the analyst tells investors. While the company did not hold a conference due to its pending acquisition by Xylem (XYL), Stifel believes if one was held, guidance would likely have been raised.