Bank of America Adjustment in Price Target for Patterson-UTI Energy Amid Economic Uncertainty
Monday, 15 July 2024, 17:21
Bank of America Adjustment
Bank of America has made a significant reduction in price target for Patterson-UTI Energy (NASDAQ:PTEN) to $12.50.
This decision comes as a response to recent fluctuations in the market, reflecting the bank's cautious approach towards PTEN's future performance.
Market Volatility
The adjustment in target price is a result of the ongoing market volatility, which has prompted financial institutions to reassess their projections.
- Bank of America has revised PTEN's price target to $12.50
- This change highlights the bank's concerns amid market uncertainty
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