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Bruce Jefferson

Credit Suisse, Seaport Upgrade Patterson-UTI After Stock Decline

Oil drilling company Patterson-UTI Energy Inc. PTEN's stock has fallen 30 percent in recent months. 

Credit Suisse analyst James Wicklund upgraded Patterson-UTI from Neutral to Outperform and lowered the price target from $22 to $19.

Seaport Global analyst Mike Urban upgraded the stock from Neutral to Buy rating and decreased the price target from $26 to $20.


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