Northland raised the firm’s price target on Flotek (FTK) to $22 from $20 and keeps an Outperform rating on the shares. A “meaningful” contract win in Power Services drives estimates up and represents “a major proof point” in the company’s capabilities, the analyst tells investors.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTK:
- Flotek Wins First Utilities Infrastructure Contract with PWRtek
- Flotek Appoints Christina Ibrahim as Senior Legal Executive
- Flotek names Christina Ibrahim as Chief Compliance Officer
- Flotek Enhances Executive Pay with New Performance-Based Equity
- First Solar downgraded, Fortinet upgraded: Wall Street’s top analyst calls