Cactus price target lowered to $52 from $53 at Barclays

Barclays analyst J. David Anderson lowered the firm’s price target on Cactus (WHD) to $52 from $53 and keeps an Overweight rating on the shares. The company missed consensus EBITDA estimates this quarter as the U.S. slowed further and tariffs provided an unexpected hit, the analyst tells investors in a research note.