Wells Fargo Maintains Overweight on Liberty Energy, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Liberty Energy (NYSE:LBRT) but lowers the price target from $25 to $24.
October 18, 2024 | 1:42 pm
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Wells Fargo maintains an Overweight rating on Liberty Energy but reduces the price target from $25 to $24, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Liberty Energy's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100