Citigroup Maintains Neutral on ProPetro Holding, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Neutral rating on ProPetro Holding (NYSE:PUMP) and raises the price target from $10 to $11.
October 12, 2023 | 2:48 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on ProPetro Holding and raises the price target from $10 to $11.
The news is directly related to ProPetro Holding. The raised price target indicates a positive outlook, but the neutral rating suggests that the stock is expected to perform in line with the market or other comparable companies. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100