Susquehanna Maintains Positive on Patterson-UTI Energy, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Charles Minervino maintains a Positive rating on Patterson-UTI Energy but lowers the price target from $13 to $10.
October 11, 2024 | 1:22 pm
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NEGATIVE IMPACT
Susquehanna analyst Charles Minervino maintains a Positive rating on Patterson-UTI Energy but lowers the price target from $13 to $10.
The lowering of the price target from $13 to $10 suggests a less optimistic outlook on the stock's potential upside, which could lead to a short-term negative impact on the stock price. However, the maintained Positive rating indicates continued confidence in the company's overall performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100