Freedom Broker downgrades Precision Drilling to Hold, lifts price target to $121
Freedom Broker cut its rating on Precision Drilling to Hold from Buy and raised its target to $121 from $116. Reported by TradingView.
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what happened
Analysts at Freedom Broker lowered their recommendation on Precision Drilling shares to Hold from Buy. At the same time, the broker raised its price target by 4.3%, from $116 to $121.
According to TradingView, citing Benzinga data, the stock closed at $148.12 on October 30. The new target implies a downside of about 18.3% from that level. The report notes that it is not personal investment advice.
why it matters
Precision Drilling provides drilling services to the oil and gas industry, so the rating change is of interest to investors in the oilfield services sector. Analyst rating changes like this are routine and usually affect the shares of the individual company rather than the oil market as a whole.
tags
instruments
sources
- Freedom Broker downgrades Precision Drilling to Hold from Buy, raises price target to $121 from $116 — TradingView, 31 October 2026 at 01:35 UTC
- Precision Drilling Cut to Hold From Buy by Freedom Broker — Dow Jones Newswires, 31 October 2026 at 01:46 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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