Stifel Maintains Buy on Cactus, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro has maintained a Buy rating on Cactus (NYSE:WHD) but has reduced the price target from $68 to $60.

January 03, 2024 | 8:19 pm
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Stifel analyst Stephen Gengaro maintains a Buy rating on Cactus but lowers the price target from $68 to $60.
The reduction in price target by Stifel could have a mixed impact on Cactus's stock price. While the Buy rating reaffirms confidence in the company's fundamentals, the lowered price target may suggest a tempered outlook on the stock's growth potential, which could lead to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100