Morgan Stanley Initiates Coverage On ProPetro Holding with Equal-Weight Rating, Announces Price Target of $13
Morgan Stanley analyst Joe Laetsch initiates coverage on ProPetro Holding (NYSE:PUMP) with a Equal-Weight rating and announces Price Target of $13.
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Why It Matters
A big bank started following ProPetro and set a price target of $13. This means they think the stock is fairly priced right now, not especially cheap or expensive.
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