Energy Recovery Announces Share Repurchase Program

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Go back to Energy Recovery Announces Share Repurchase Program

Energy Recovery (ERII) PT Lowered to $20 at Evercore ISI

November 19, 2024 6:19 AM EST

Evercore ISI analyst James West lowered the price target on Energy Recovery (NASDAQ: ERII) to $20.00 (from $23.00) while maintaining a Outperform rating.

The analyst comments "Playbook Unveiled. Management laid out its strategic plan across its three businesses, updated guidance for 2025 and 2026, set longer term 2029 financial targets, and announced a buyback authorization. Going forward, the company will focus on disciplined and profitable growth and... More