Citigroup Maintains Neutral on Patterson-UTI Energy, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Neutral rating on Patterson-UTI Energy (NASDAQ:PTEN) and raises the price target from $12 to $13.
June 16, 2023 | 4:21 pm
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Citigroup maintains a Neutral rating on Patterson-UTI Energy and raises the price target from $12 to $13.
Citigroup's decision to maintain a Neutral rating on PTEN indicates that the stock is fairly valued at its current price. However, the increase in the price target from $12 to $13 suggests that there may be some potential for growth in the short term. The impact on the stock price is likely to be neutral as the rating remains unchanged.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100