Stifel Maintains Buy on Patterson-UTI Energy, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on Patterson-UTI Energy (NASDAQ:PTEN) but lowers the price target from $19 to $16.
July 16, 2024 | 12:10 pm
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Stifel analyst Stephen Gengaro maintains a Buy rating on Patterson-UTI Energy but lowers the price target from $19 to $16.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100