Cactus price target lowered to $57 from $61 at Stifel

Stifel lowered the firm’s price target on Cactus (WHD) to $57 from $61 and keeps a Buy rating on the shares. The firm believes Cactus’ “robust” Q1 results, driven by solid execution across both operating segments, highlights the strength of its product and service offerings, but is trimming 2025-26 estimates and reducing its price target to reflect uncertainty around tariff implications and an updated outlook for U.S. land activity.