Barclays analyst Eddie Kim lowered the firm’s price target on Dril-Quip to $22 from $23 and keeps an Underweight rating on the shares. The company’s Q4 results and 2024 outlook were better than expected, but the inflection for offshore services is still a quarter or two away, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DRQ: