Piper Sandler Maintains Neutral on Cactus, Lowers Price Target to $55-Report released on 12th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Bill Herbert has maintained a Neutral rating on Cactus (NYSE:WHD) but has lowered the price target from $59 to $55.
November 13, 2023 | 9:39 pm
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Piper Sandler has maintained a Neutral rating on Cactus but reduced the price target from $59 to $55, potentially indicating a lower expected performance.
The reduction in price target by Piper Sandler suggests that the analyst sees less upside potential for Cactus, which could lead to a negative short-term sentiment among investors and possibly a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100