Barclays Maintains Overweight on Liberty Energy, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Derek Podhaizer maintains an Overweight rating on Liberty Energy (NYSE:LBRT) but lowers the price target from $24 to $21.
October 18, 2024 | 4:50 pm
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Barclays has maintained an Overweight rating on Liberty Energy but has reduced the price target from $24 to $21, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Liberty Energy's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
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