Cactus price target raised to $62 from $56 at Barclays

Barclays analyst J. David Anderson raised the firm’s price target on Cactus (WHD) to $62 from $56 and keeps an Overweight rating on the shares. The firm sees the post-earnings selloff in the shares as a “surprising overreaction” given Cactus’ “significant opportunity” in the Middle East over the next several years.