Energy Recovery (NASDAQ: ERII) had its target price lifted by Jefferies Group from $3.00 to $5.00 in a report issued on Wednesday. They currently have a hold rating on the stock.

Energy Recovery traded down 8.93% on Wednesday, hitting $4.2801. Energy Recovery has a 52-week low of $1.95 and a 52-week high of $5.13. The stock’s 50-day moving average is currently $4.00. The company’s market cap is $217.9 million.

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