Stifel lowered the firm’s price target on ProPetro Holding (PUMP) to $11 from $12 and keeps a Buy rating. The company delivered “sharply higher-than-expected” Q1 EBITDA, but the firm is lowering 2025 forecasts owing to the uncertain market conditions and notes that its lowered target is based on its revised 2026 adjusted EBITDA projection.
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