Stifel Maintains Buy on ProPetro Holding, Lowers Price Target to $16
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Stephen Gengaro has maintained a 'Buy' rating on ProPetro Holding (NYSE:PUMP) but lowered the price target from $17 to $16.
July 12, 2023 | 2:56 pm
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Stifel analyst has maintained a 'Buy' rating on ProPetro Holding but lowered the price target from $17 to $16.
The news is directly about ProPetro Holding. The maintained 'Buy' rating indicates the analyst's positive outlook on the company, which could be beneficial for the stock. However, the lowered price target might indicate a slightly less optimistic view on the company's future performance, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100