Piper Sandler Maintains Neutral Rating for KLX Energy Services Hldgs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Neutral rating for KLX Energy Services Hldgs (NASDAQ:KLXE) and raised its price target from $13.50 to $14.50. KLXE shares are currently trading up 2.41% at $11.90. A move to $14.50 would represent a 21.85% increase from the current share price.
August 14, 2023 | 5:00 pm
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Piper Sandler's maintained Neutral rating and increased price target for KLXE could potentially influence investor sentiment and the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and trading behavior. In this case, Piper Sandler's decision to maintain a Neutral rating for KLXE and raise its price target could be interpreted by investors as a positive signal, potentially leading to increased demand for the stock and upward pressure on its price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100