B of A Securities Maintains Buy on Patterson-UTI Energy, Lowers Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Chase Mulvehill maintains a Buy rating on Patterson-UTI Energy (NASDAQ:PTEN) but lowers the price target from $14 to $12.5.
July 15, 2024 | 4:32 pm
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B of A Securities analyst Chase Mulvehill maintains a Buy rating on Patterson-UTI Energy but lowers the price target from $14 to $12.5.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook on its near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100