Raymond James Maintains Strong Buy on Patterson-UTI Energy, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst James Rollyson maintains a Strong Buy rating on Patterson-UTI Energy (NASDAQ:PTEN) but lowers the price target from $22 to $18.
June 23, 2023 | 11:54 am
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Raymond James maintains a Strong Buy rating on Patterson-UTI Energy (PTEN) but lowers the price target from $22 to $18.
The news indicates that Raymond James still has a positive outlook on PTEN, maintaining a Strong Buy rating. However, the lowered price target from $22 to $18 may cause some short-term uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100