Barclays Maintains Overweight on NexTier Oilfield, Lowers Price Target to $13
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst David Anderson maintains an Overweight rating on NexTier Oilfield (NYSE:NEX) and lowers the price target from $18 to $13.
June 08, 2023 | 1:32 pm
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Barclays maintains an Overweight rating on NexTier Oilfield (NYSE:NEX) but lowers the price target from $18 to $13.
The news of Barclays maintaining an Overweight rating on NexTier Oilfield indicates a positive outlook for the company. However, the lowering of the price target from $18 to $13 suggests that the analyst has revised expectations for the stock's performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100