BofA analyst Saurabh Pant raised the firm’s price target on Patterson-UTI (PTEN) to $13.50 from $12 and keeps a Buy rating on the shares. The firm, which is updating its oilfield services models for Q1 earnings and 10-Q reports, notes that its forecasts for 2027 and 2028 EBITDA are 10% and 16% above consensus, respectively, on average.
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