Evercore ISI Group Maintains Outperform on Dril-Quip, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst James West maintains an Outperform rating on Dril-Quip (NYSE:DRQ) but lowers the price target from $44 to $40.
February 28, 2024 | 5:17 pm
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NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Dril-Quip but lowers the price target from $44 to $40.
The adjustment in price target by Evercore ISI Group, while maintaining an Outperform rating, suggests a positive outlook on Dril-Quip's fundamentals but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised price target against the backdrop of continued analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100