 Raymond James analyst Pavel Molchanov downgraded Evoqua Water Technologies Corp NYSE:AQUA to Market Perform from Outperform without a price target. The analyst notes, with Evoqua having been the best-performing stock in the firms coverage last year and nearly reaching the previous price target of 50, he believes that the companys mid-single-digit organic growth story and bolt-on MA opportunities are appropriately priced in. 