RBC Capital Maintains Outperform on Precision Drilling, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Kurt Hallead has maintained an Outperform rating on Precision Drilling (NYSE:PDS) and raised the price target from C$118 to C$125.
September 13, 2023 | 3:42 pm
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POSITIVE IMPACT
RBC Capital has maintained an Outperform rating on Precision Drilling and raised the price target, which could positively impact the stock.
The Outperform rating maintained by RBC Capital indicates that they expect Precision Drilling to outperform the market. The increase in price target from C$118 to C$125 suggests that they see more upside potential in the stock. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100