Cypress Energy Partners upgraded at Baird

Cypress Energy Partners (CELP +1.2%) upgraded to Outperform from Neutral with a $27 price target, up from $24, at Robert Baird, after CELP's strong Q2 performance from its water segment while management painted a picture of continued growth in the underlying business with potential M&A sweeteners to follow.

Given sound fundamentals, the firm raises its estimates above guidance for the balance of the year, which drives its share price target higher.

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