RBC Capital Upgrades Patterson-UTI Energy to Outperform, Announces $19 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Keith Mackey has upgraded Patterson-UTI Energy (NASDAQ:PTEN) from Sector Perform to Outperform and set a price target of $19.
July 10, 2023 | 9:06 am
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POSITIVE IMPACT
Patterson-UTI Energy has been upgraded to Outperform by RBC Capital with a price target of $19.
The upgrade from RBC Capital is a positive signal for Patterson-UTI Energy. It indicates that the analyst believes the company's stock will outperform the market. The $19 price target suggests a potential upside for the stock. This could lead to increased investor interest and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100