Barclays Maintains Overweight on Patterson-UTI Energy, Lowers Price Target to $16
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst David Anderson maintains an Overweight rating on Patterson-UTI Energy (NASDAQ:PTEN) and lowers the price target from $19 to $16.
June 08, 2023 | 1:33 pm
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Barclays analyst David Anderson maintains an Overweight rating on Patterson-UTI Energy (PTEN) and lowers the price target from $19 to $16.
The news directly mentions PTEN and the lowered price target by Barclays. While the Overweight rating is maintained, the reduced price target may have a neutral impact on the stock price in the short term as it indicates a lower expected return, but still a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100