ProFrac Holding price target lowered to $4.50 from $5 at Morgan Stanley

Morgan Stanley analyst Daniel Kutz lowered the firm’s price target on ProFrac Holding (ACDC) to $4.50 from $5 and keeps an Underweight 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.