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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLOC: