B of A Securities Upgrades Patterson-UTI Energy to Buy, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Chase Mulvehill has upgraded Patterson-UTI Energy (NASDAQ:PTEN) from Neutral to Buy and raised the price target from $14 to $16.
October 16, 2023 | 1:50 pm
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Patterson-UTI Energy has been upgraded from Neutral to Buy by B of A Securities, with a raised price target from $14 to $16.
The upgrade from Neutral to Buy indicates a positive outlook for Patterson-UTI Energy. The raised price target from $14 to $16 suggests that the analyst believes the stock has potential for growth in the short term. This could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100