Oil States price target lowered to $10 from $12 at Stifel

Stifel lowered the firm’s price target on Oil States to $10 from $12 and keeps a Buy rating on the shares. After the company reported “lackluster” Q1 results and reduced its full-year EBITDA guidance, the firm is recalibrating its 2024-25 estimates to account for lower U.S. activity assumptions, the analyst tells investors in a post-earnings note.