Piper Sandler raised the firm’s price target on Precision Drilling (PDS) to $105 from $81 and keeps an Overweight rating on the shares. The firm notes the stock faced significant pressure the day each reported due to a combination of Q1 2026 estimates coming up light vs. consensus, International reactivations weighing on margins, and momentum unwind. For the second half of 2026, the view is cautious optimism, Piper adds.
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