Cactus price target raised to $56 from $55 at Barclays

Barclays raised the firm’s price target on Cactus to $56 from $55 and keeps an Overweight rating on the shares. Earnings last week from the onshore energy services group highlighted a consistent and common theme of free cash flow generation, elevated shareholder returns, and margin expansion, “three pillars to support a future re-rating” of the stocks.