Citigroup Upgrades Patterson-UTI Energy to Buy, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber has upgraded Patterson-UTI Energy (NASDAQ:PTEN) from Neutral to Buy and raised the price target from $15 to $18.
October 09, 2023 | 9:41 am
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Patterson-UTI Energy has been upgraded from Neutral to Buy by Citigroup, with a raised price target from $15 to $18.
The upgrade from Neutral to Buy indicates a positive outlook for Patterson-UTI Energy. The raised price target from $15 to $18 suggests that the analyst expects the stock to perform well in the short term. This could lead to increased investor interest and potentially a rise in the stock price.
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