Citigroup Maintains Neutral on Patterson-UTI Energy, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Neutral rating on Patterson-UTI Energy (NASDAQ:PTEN) and raises the price target from $13 to $15.
July 18, 2023 | 3:55 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Patterson-UTI Energy and raises the price target from $13 to $15.
The news is directly about Patterson-UTI Energy. Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $13 to $15 suggests a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100