ProFrac Holding price target lowered to $10.50 from $12.50 at BofA

BofA lowered the firm’s price target on ProFrac Holding to $10.50 from $12.50 and keeps a Neutral rating on the shares. Despite an improving rate of change in North America, the firm sees international names being structurally better placed to benefit from a durable spending growth cycle, the analyst tells investors in an Oilfield Services group note in which the firm makes several price target changes.