Stifel analyst Stephen Gengaro lowered the firm’s price target on ProFrac Holding (ACDC) to $6 from $7 and keeps a Hold rating on the shares. Ahead of Q1 earnings season, the firm is updating its oilfield services and equipment group earnings models to reflect modestly lower Q1 activity than expected as well as a more cautious near-term outlook, the analyst tells investors in a preview.
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Read More on ACDC:
- ProFrac’s Earnings Call: Balancing Gains and Challenges
- ProFrac Holding price target raised to $7 from $6 at Stifel
- ProFrac Holding Corp. Faces Challenges, Eyes Recovery in 2025
- ProFrac Holding reports Q4 revenue $454.7M, consensus $479.26M
- Profrac Holding Corp. Class A (ACDC) Q4 Earnings Cheat Sheet
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