Citigroup Maintains Neutral on Cactus, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Neutral rating on Cactus (NYSE:WHD) and raises the price target from $40 to $52.
July 18, 2023 | 3:28 pm
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Citigroup maintains a Neutral rating on Cactus, but raises the price target from $40 to $52, indicating a potential upside.
The raised price target by Citigroup indicates a potential upside for Cactus. However, the Neutral rating suggests that the stock is expected to perform in line with the market or sector in the next 12-18 months, which means there might not be significant movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100