Barclays Maintains Underweight on Dril-Quip, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson has maintained an Underweight rating on Dril-Quip (NYSE:DRQ) and lowered the price target from $23 to $22.
February 29, 2024 | 12:25 pm
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Barclays has maintained its Underweight rating on Dril-Quip and reduced the price target from $23 to $22.
The reduction in price target by Barclays, a major financial institution, suggests a bearish outlook on Dril-Quip's stock. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on the new price target.
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