Barclays Maintains Underweight on Dril-Quip, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson maintains an Underweight rating on Dril-Quip (NYSE:DRQ) and lowers the price target from $26 to $23.
November 02, 2023 | 3:09 pm
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NEGATIVE IMPACT
Barclays maintains an Underweight rating on Dril-Quip and lowers the price target from $26 to $23, which could negatively impact the stock's price.
The lowered price target from Barclays indicates a bearish outlook on Dril-Quip. This could lead to a decrease in the stock's price as investors adjust their expectations based on this new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100