Evercore ISI analyst Stephen Richardson lowered the firm’s price target on Flowco (FLOC) to $25 from $26 and keeps an Outperform rating on the shares. Management has “swiftly” adapted to the public company environment, with a clear path to double-digit year-over-year adjusted EBITDA growth, the analyst tells investors in a research note. The firm added that the integration of AROC assets is complete, and the macro environment could offer further tailwinds in the future.
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