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.
August 04, 2023 | 9:31 am
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Morgan Stanley has reiterated an Overweight rating on Patterson-UTI Energy and maintained a $20 price target, indicating a positive outlook for the company.
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 undervalued at current levels, which could lead to upward price movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100