RBC Capital Maintains Outperform on Patterson-UTI Energy, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Keith Mackey maintains an Outperform rating on Patterson-UTI Energy (NASDAQ:PTEN) but lowers the price target from $15 to $14.
July 26, 2024 | 2:18 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Patterson-UTI Energy but lowers the price target from $15 to $14.
The Outperform rating suggests continued confidence in the stock's performance, but the lowered price target indicates a slightly less optimistic outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100