Bank of America initiated coverage of ProPetro (NYSE: PUMP) with a Buy rating and an $18 price objective, implying roughly 20% upside from the $15 share price. BoA cited a cyclical recovery in oilfield services and longer-term growth in power infrastructure; shares traded up ~3% to $15 on Monday afternoon.
Bank of America initiated coverage of ProPetro (NYSE: PUMP) with a Buy rating and an $18 price objective, implying roughly 20% upside from the $15 share price. BoA cited a cyclical recovery in oilfield services and longer-term growth in power infrastructure; shares traded up ~3% to $15 on Monday afternoon.
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moderately positive
Sentiment Score
0.35
Ticker Sentiment
