Morgan Stanley Maintains Equal-Weight on Patterson-UTI Energy, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Daniel Kutz maintains an Equal-Weight rating on Patterson-UTI Energy but lowers the price target from $12 to $10.
September 16, 2024 | 5:08 pm
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Morgan Stanley has maintained its Equal-Weight rating on Patterson-UTI Energy but has lowered the price target from $12 to $10, indicating a less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a less optimistic view on Patterson-UTI Energy's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100