KLX Energy price target raised to $14.50 from $13.50 at Piper Sandler

Piper Sandler analyst Luke Lemoine raised the firm’s price target on KLX Energy to $14.50 from $13.50 and keeps a Neutral rating on the shares. The rig count keeps sliding, but commentary from all oil service companies is pointing to the rig count bottoming very soon in Q3, the analyst tells investors in a research note.