Morgan Stanley Reiterates Overweight on Patterson-UTI Energy, Maintains $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has reiterated an Overweight rating on Patterson-UTI Energy (NASDAQ:PTEN) and maintained a $20 price target.
July 31, 2023 | 1:55 pm
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Morgan Stanley has reiterated an Overweight rating on Patterson-UTI Energy and maintained a $20 price target.
The reiteration of an Overweight rating by Morgan Stanley indicates a positive outlook for Patterson-UTI Energy. The maintained price target of $20 suggests that the analyst believes the stock is still undervalued, which could lead to upward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100