Expro price target raised to $13 from $11 at Piper Sandler

Piper Sandler raised the firm’s price target on Expro (XPRO) to $13 from $11 and keeps a Neutral rating on the shares. Despite running into positioning that limited earnings performance, Expro messaged a constructive set-up for 2026 and echoed a similar sentiment as its peers for 2026 to be a tale of two halves with the first half of 2026 remaining soft for Offshore activity, while the second half is the expected inflection point, the firm argues. As a result, Expro guided 2026 revenue to be flat to slightly lower vs. 2025, while 2026 free cash flow, free cash flow/revenue, and EBITDA margins to all expand vs. 2025, Piper adds.