Freedom Capital downgraded ProPetro Holding (PUMP) to Hold from Buy with a price target of $11, up from $8. The oilfield services business continues to face sustained pressure, notes the analyst, who believes the upside potential in shares has “largely been exhausted.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PUMP:
- Piper Sandler upgrades ProPetro Holding to Overweight, raises target to $16
- ProPetro Holding price target raised to $10 from $5 at Barclays
- ProPetro Holding upgraded to Overweight from Neutral at Piper Sandler
- ProPetro Holding price target raised to $12 from $6 at Citi
- Propetro Holding’s Strong Debt Management: No Defaults on Senior Securities Boosts Investor Confidence