Piper Sandler Maintains Overweight on ProFrac Holding, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Luke Lemoine maintains an Overweight rating on ProFrac Holding (NASDAQ:ACDC) but lowers the price target from $11 to $9.
July 15, 2024 | 11:06 am
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NEUTRAL IMPACT
Piper Sandler analyst Luke Lemoine maintains an Overweight rating on ProFrac Holding but lowers the price target from $11 to $9.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns about future performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100