Ardour Capital Downgrades Energy Recovery To Hold

Analysts at Ardour Capital downgraded Energy Recovery, Inc. ERII from Accumulate to Hold. The price target for Energy Recovery has been lowered from $7.50 to $3.50. Energy Recovery shares have dropped 54.17% over the past 52 weeks, while the S&P 500 index has surged 9.42% in the same period. Energy Recovery shares fell 3.51% to close at $2.75 yesterday.