UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on Nuveraa Environmental Solutions Following Seeking Alpha Story

In a report published Tuesday, Jefferies analyst R. Scott Graham reiterated a Hold rating on

, and lowered the price target from $3.25 to $2.75. In the report, Jefferies noted, “Seeking Alpha has published a story indicating NES has a high probability of bankruptcy. We have revisited our model and find little support for this view. Other claims by the website are opinions which we do not share.” Nuverra Environmental Solutions closed on Monday at $2.72.