Cactus price target raised to $63 from $55 at Citi

Citi raised the firm’s price target on Cactus (WHD) to $63 from $55 and keeps a Buy rating on the shares. The firm views the company’s Q4 report as solid. The shares sold off as elevated expectations for Cactus’ new International Pressure Control business were not met, the analyst tells investors in a research note. Citi views the shares as attractive at current levels.