Citi analyst Scott Gruber lowered the firm’s price target on ChampionX to $40 from $41 and keeps a Buy rating on the shares. The analyst updated oilfield service models to reflect recent trends and Citi’s recently lowered U.S. rig count forecast.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on CHX:
- Invest with (or Against) Jim Cramer with These New ETFs
- ChampionX Announces First Quarter 2023 Earnings Release and Conference Call Schedule
- Stifel says weakness in two ‘favorite’ oilfield services names an opportunity
- ChampionX targets high single digit revenue growth through 2025
- ChampionX reaffirms Q1 revenue outlook $952M-$982M