Citigroup Maintains Neutral on ProPetro Holding, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Neutral rating on ProPetro Holding (NYSE:PUMP) and lowers the price target from $8.5 to $8.
October 31, 2024 | 9:24 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup analyst Scott Gruber maintains a Neutral rating on ProPetro Holding and lowers the price target from $8.5 to $8.
The lowering of the price target from $8.5 to $8 by Citigroup suggests a less optimistic outlook for ProPetro Holding, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100