Barclays analyst J. David Anderson downgraded Cactus (WHD) to Equal Weight from Overweight with an unchanged price target of $61. Quarter after quarter, Cactus has proven it has a differentiated business that will outpace the market under any conditions, the analyst tells investors in a research note. However, the firm says “it doesn’t get any easier from here.” It believes the company’s “premium story” is now fully priced into the shares.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio