Barclays Maintains Overweight on ProPetro Holding, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson maintains an Overweight rating on ProPetro Holding (NYSE:PUMP) but lowers the price target from $13 to $12.
October 16, 2024 | 7:47 pm
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Barclays analyst David Anderson maintains an Overweight rating on ProPetro Holding but lowers the price target from $13 to $12.
The maintenance of an Overweight rating suggests continued confidence in ProPetro's performance, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal could lead to a slight negative impact on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100