Morgan Stanley Upgrades WBI (NYSE:WBI) to "Overweight"

Key Points

• Morgan Stanley upgraded WBI from "equal weight" to overweight and set a $34 price target, implying roughly a 25.6% upside from the current price.
• Analyst coverage is mixed—two Buy, one Hold, one Sell—resulting in a MarketBeat consensus rating of Hold with a consensus target of $31.25.
• WBI opened at $27.07, has a market cap of $3.34 billion, a 1-year range of $18.64–$28.97, and a high P/E of 159.26, indicating an elevated valuation.

WBI (NYSE:WBI - Get Free Report) was upgraded by Morgan Stanley from an "equal weight" rating to an "overweight" rating in a report issued on Wednesday, Marketbeat.com reports. The firm currently has a $34.00 price objective on the stock. Morgan Stanley's price target suggests a potential upside of 25.58% from the stock's current price.

WBI has been the subject of several other reports. Wells Fargo & Company raised their price objective on shares of WBI from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, March 13th. Weiss Ratings initiated coverage on shares of WBI in a report on Wednesday, January 14th. They set a "sell (e-)" rating for the company. The Goldman Sachs Group raised shares of WBI from a "neutral" rating to a "buy" rating and set a $32.00 price objective for the company in a report on Monday. UBS Group set a $33.00 price objective on shares of WBI in a report on Monday, March 16th. Finally, Wall Street Zen raised shares of WBI from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $31.25.

WBI Price Performance

Shares of WBI stock opened at $27.07 on Wednesday. The firm has a market cap of $3.34 billion and a price-to-earnings ratio of 159.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.38 and a current ratio of 1.38. WBI has a 1-year low of $18.64 and a 1-year high of $28.97. The business's fifty day moving average is $25.61.

WBI Company Profile

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

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