JPMorgan lowered the firm’s price target on Cactus (WHD) to $50 from $52 and keeps a Neutral rating on the shares. The firm refreshed estimates for the SMid cap land and offshore drillers as well as frac levered oilfield services stocks to reflect lower oil prices.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WHD:
- Cactus Inc. Holds Annual Stockholders Meeting
- Cactus price target lowered to $52 from $54 at JPMorgan
- Cautious Outlook on Cactus: Hold Rating Amid Market Challenges and Strategic Adjustments
- Cactus, Inc. Reports Strong Q1 Earnings Amid Challenges
- Cactus price target lowered to $51 from $54 at Barclays