WBI (NYSE:WBI) Raised to Overweight at Morgan Stanley

WBI (NYSE:WBI) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday, Marketbeat.com reports. The firm presently has a $34.00 price objective on the stock. Morgan Stanley’s price objective would suggest a potential upside of 20.38% from the stock’s previous close.

Several other brokerages also recently weighed in on WBI. The Goldman Sachs Group upgraded WBI from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday. UBS Group set a $33.00 price target on WBI in a report on Monday, March 16th. Wells Fargo & Company raised their price target on WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Weiss Ratings initiated coverage on WBI in a report on Wednesday, January 14th. They set a “sell (e-)” rating for the company. Finally, Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, WBI has a consensus rating of “Hold” and an average price target of $31.25.

WBI Price Performance

Shares of NYSE:WBI opened at $28.25 on Wednesday. WBI has a 1-year low of $18.64 and a 1-year high of $28.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s fifty day moving average is $25.74. The company has a market capitalization of $3.49 billion and a P/E ratio of 166.15.

WBI Company Profile

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.