Barclays Maintains Overweight Rating for Liberty Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for Liberty Energy (NYSE:LBRT) and lowered its price target from $25.00 to $22.00. Liberty Energy is an oilfield services company that provides hydraulic fracturing services in North America.
June 08, 2023 | 5:01 pm
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Barclays maintains Overweight rating for Liberty Energy (NYSE:LBRT) and lowers price target from $25.00 to $22.00, a potential 61.0% increase from the current share price.
Barclays' decision to maintain its Overweight rating for Liberty Energy indicates a positive outlook for the stock. The lowered price target, however, suggests a slightly less optimistic view than before. Despite the reduction, the new price target still represents a significant potential increase from the current share price, which could attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100