Stifel Maintains Buy on ProFrac Holding, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on ProFrac Holding (NASDAQ:ACDC) but lowers the price target from $12 to $10.
March 14, 2024 | 2:04 pm
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Stifel analyst Stephen Gengaro maintains a Buy rating on ProFrac Holding but lowers the price target from $12 to $10.
While the maintenance of a Buy rating by Stifel indicates a positive outlook on ProFrac Holding, the reduction in the price target from $12 to $10 could signal a tempered expectation for the stock's short-term performance. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive endorsement against the lowered price target expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100