B of A Securities Maintains Neutral on ProFrac Holding, Raises Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Chase Mulvehill maintains a Neutral rating on ProFrac Holding (NASDAQ:ACDC) and raises the price target from $8.5 to $9.5.
April 15, 2024 | 1:06 pm
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ProFrac Holding's price target was raised from $8.5 to $9.5 by B of A Securities, maintaining a Neutral rating.
The increase in price target by a reputable analyst firm like B of A Securities suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the maintenance of a Neutral rating indicates that the firm sees the stock as fairly valued at its current price, which might temper the positive impact.
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IMPORTANCE 75
RELEVANCE 90