ATB Capital Maintains Outperform on Patterson-UTI Energy, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
ATB Capital has maintained an 'Outperform' rating on Patterson-UTI Energy but lowered its price target from $12 to $11.
September 04, 2024 | 5:27 pm
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ATB Capital maintains an 'Outperform' rating on Patterson-UTI Energy but lowers the price target from $12 to $11, indicating a slightly less optimistic outlook.
The 'Outperform' rating suggests continued positive sentiment, but the lowered price target indicates a slightly reduced expectation for future performance. This mixed signal may result in a neutral short-term impact on PTEN's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100