Barclays Maintains Overweight on ProPetro Holding, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Derek Podhaizer maintains an Overweight rating on ProPetro Holding (NYSE:PUMP) but lowers the price target from $14 to $12.
June 08, 2023 | 1:34 pm
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Barclays maintains an Overweight rating on ProPetro Holding (NYSE:PUMP) but lowers the price target from $14 to $12.
The news of Barclays maintaining an Overweight rating on ProPetro Holding indicates a positive outlook for the company. However, the lowering of the price target from $14 to $12 may create uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100