Piper Sandler Maintains Overweight on Patterson-UTI Energy, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Luke Lemoine maintains an Overweight rating on Patterson-UTI Energy (NASDAQ:PTEN) but lowers the price target from $14 to $12.

July 15, 2024 | 11:42 am
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Patterson-UTI Energy but lowers the price target from $14 to $12, indicating a mixed sentiment.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns about the company's near-term performance. This mixed sentiment is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100