Citigroup Maintains Buy on Patterson-UTI Energy, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Patterson-UTI Energy but lowers the price target from $11 to $10.
October 31, 2024 | 9:22 pm
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Citigroup's analyst Scott Gruber maintains a Buy rating on Patterson-UTI Energy but reduces the price target from $11 to $10, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in PTEN's potential, but the lowered price target reflects a tempered outlook, possibly due to market conditions or company performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100