Cactus price target lowered to $54 from $61 at Barclays

Barclays analyst J. David Anderson lowered the firm’s price target on Cactus (WHD) to $54 from $61 and keeps an Equal Weight rating on the shares. With U.S. onshore upstream spending now at risk post OPEC actions and tariffs not only impacting China but also the U.S. from higher steel and aluminum costs, Cactus :suddenly faces an uncertain 2025 outlook,” the analyst tells investors in a research note.