Stifel Maintains Buy on ProFrac Holding, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on ProFrac Holding (NASDAQ:ACDC) but lowers the price target from $10 to $7.
August 12, 2024 | 12:22 pm
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Stifel analyst Stephen Gengaro maintains a Buy rating on ProFrac Holding but lowers the price target from $10 to $7.
The Buy rating suggests continued confidence in ProFrac Holding's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100