Piper Jaffray Discontinues Coverage of Energy Recovery

Piper Jaffray is discontinuing its coverage of Energy Recovery, Inc. ERII “due to a realignment of analyst resources.” “Investors should no longer rely on our last published rating, price target, model, or estimates on Energy Recovery as they will not be updated following the discontinuation of coverage date,” Piper Jaffray writes. Energy Recovery closed Friday at $2.48.