Stifel lowered the firm’s price target on ProFrac Holding (ACDC) to $6 from $7 and keeps a Hold rating on the shares. Heading into 2025, the firm expects “more of the same” in the Oil Services world as well limited macro-catalysts for the stocks, the analyst tells investors.
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Read More on ACDC:
- ProFrac Holding downgraded to Underweight from Neutral at JPMorgan
- ProPetro Holding upgraded to Neutral on valuation at JPMorgan
- ProFrac Holding, Prairie Operating Co. to launch electric frac fleet in Colorado
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
