Stifel Maintains Buy on ProPetro Holding, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on ProPetro Holding (NYSE:PUMP) but lowers the price target from $12 to $11.

October 11, 2024 | 2:39 pm
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NEUTRAL IMPACT
Stifel analyst Stephen Gengaro maintains a Buy rating on ProPetro Holding but lowers the price target from $12 to $11, indicating a slightly less optimistic outlook.
The analyst's decision to maintain a Buy rating suggests continued confidence in ProPetro's prospects, but the lowered price target indicates a slightly less optimistic view on its short-term valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100