Raymond James Maintains Strong Buy on Patterson-UTI Energy, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst James Rollyson has maintained a 'Strong Buy' rating on Patterson-UTI Energy (NASDAQ:PTEN), but lowered the price target from $23 to $21.
November 09, 2023 | 1:43 pm
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Raymond James has maintained a 'Strong Buy' rating on Patterson-UTI Energy, but lowered the price target from $23 to $21.
The 'Strong Buy' rating indicates that Raymond James believes PTEN's stock will perform well in the future. However, the lowering of the price target may indicate a slight decrease in the expected return, which could potentially impact the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100