Raymond James Maintains Strong Buy on Patterson-UTI Energy, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst James Rollyson maintains a Strong Buy rating on Patterson-UTI Energy but lowers the price target from $12 to $11.
October 25, 2024 | 5:47 pm
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NEUTRAL IMPACT
Raymond James maintains a Strong Buy rating on Patterson-UTI Energy but reduces the price target from $12 to $11.
The Strong Buy rating suggests continued confidence in PTEN's performance, but the lowered price target indicates some caution about its short-term potential. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100