Stifel Maintains Buy on Cactus, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on Cactus (NYSE:WHD) and lowers the price target from $64 to $61.
May 19, 2023 | 12:23 pm
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Stifel analyst maintains Buy rating on Cactus (NYSE:WHD) but lowers price target from $64 to $61.
The news indicates that Stifel analyst Stephen Gengaro maintains a positive outlook on Cactus (NYSE:WHD) by keeping a Buy rating. However, the lowered price target from $64 to $61 may create mixed sentiment among investors. The short-term impact on the stock price is expected to be neutral as the Buy rating is maintained, but the lower price target may cause some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100