Morgan Stanley Maintains Overweight on Patterson-UTI Energy, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has maintained an Overweight rating on Patterson-UTI Energy (NASDAQ:PTEN) and raised the price target from $19 to $20.
July 17, 2023 | 2:24 pm
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Morgan Stanley has maintained an Overweight rating on Patterson-UTI Energy and raised the price target from $19 to $20, which could lead to a positive market reaction.
The Overweight rating maintained by Morgan Stanley indicates a positive outlook for Patterson-UTI Energy. The increase in the price target from $19 to $20 suggests that the analyst sees further upside potential for the stock, which could lead to a positive market reaction in the short term.
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IMPORTANCE 80
RELEVANCE 100