Citigroup Maintains Neutral on Patterson-UTI Energy, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Neutral rating on Patterson-UTI Energy (NASDAQ:PTEN) and lowers the price target from $14 to $12.
May 19, 2023 | 12:28 pm
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NEUTRAL IMPACT
Citigroup analyst Scott Gruber maintains a Neutral rating on Patterson-UTI Energy and lowers the price target from $14 to $12.
The news directly mentions Patterson-UTI Energy (PTEN) and the lowered price target by Citigroup analyst Scott Gruber. This may cause some short-term uncertainty among investors, but the Neutral rating suggests that the overall outlook remains unchanged. Therefore, the short-term impact on PTEN's stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100