RBC Capital Maintains Outperform on Patterson-UTI Energy, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Keith Mackey maintains an Outperform rating on Patterson-UTI Energy but lowers the price target from $12 to $11.
October 25, 2024 | 5:55 pm
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RBC Capital maintains an Outperform rating on Patterson-UTI Energy but lowers the price target from $12 to $11, indicating a slight decrease in expected valuation.
The Outperform rating suggests continued confidence in PTEN's performance, but the lowered price target indicates a reduced expectation of its valuation, which could lead to a slight negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100