Citigroup Maintains Buy on Patterson-UTI Energy, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Patterson-UTI Energy but lowers the price target from $12.5 to $11.
September 13, 2024 | 7:52 pm
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Citigroup's analyst Scott Gruber maintains a Buy rating on Patterson-UTI Energy but reduces the price target from $12.5 to $11, indicating a slightly less optimistic outlook.
The maintained Buy rating suggests continued confidence in PTEN's performance, but the lowered price target indicates a tempered outlook, likely due to market conditions or company performance factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100