Patterson-UTI Energy shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $15 to $18.
Portfolio Pulse from Benzinga Newsdesk
Patterson-UTI Energy's stock has been upgraded from Neutral to Buy by Citigroup, which also raised its price target from $15 to $18. This has resulted in the shares trading higher.
October 09, 2023 | 12:32 pm
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Patterson-UTI Energy's stock has been upgraded by Citigroup, leading to a rise in its share price. The price target has also been raised from $15 to $18.
The upgrade from Citigroup is a positive signal for Patterson-UTI Energy, indicating increased confidence in the company's performance. This has led to a rise in the share price. The raised price target also suggests that Citigroup expects the stock to perform well in the future, which could attract more investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100