Select Energy Services price target lowered to $6.50 from $8.50 at Citi
The Fly

Select Energy Services price target lowered to $6.50 from $8.50 at Citi

Citi lowered the firm’s price target on Select Energy Services to $6.50 from $8.50 and keeps a Neutral rating on the shares. The analyst updated the model to reflect the company’s fiscal 2023 guidance. Given the current macro backdrop, Citi does not forecast growth in the number of proppant management systems deployed for the rest of 2023.

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