Morgan Stanley lowered the firm’s price target on Patterson-UTI (PTEN) to $6 from $6.50 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Energy Services & Equipment North America sector under its coverage, the analyst tells investors. Morgan Stanley expects Q3 results and Q4 guidance to be in-line with consensus, but notes it sees risk to estimated performance in 2026.
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