Cactus price target raised to $61 from $56 at Barclays

Barclays raised the firm’s price target on Cactus to $61 from $56 and keeps an Overweight rating on the shares. Cactus continues to defy the U.S. onshore market “with another very impressive quarter,” handily beating guidance with a differentiated product line that drives customer efficiency, the analyst tells investors in a research note.