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Morgan Stanley Maintains Underweight on ProFrac Holding, Lowers Price Target to $4.5
Morgan Stanley analyst Joe Laetsch maintains ProFrac Holding (NASDAQ:ACDC) with a Underweight and lowers the price target from $5 to $4.5.
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ProFrac Holding shares are trading lower after the company reported worse-than-expected Q2 sales results.
ProFrac Holding Q2 Sales $498.100M Miss $498.760M Estimate
ProFrac Holding (NASDAQ:ACDC) reported quarterly sales of $498.100 million which missed the analyst consensus estimate of $498.760 million by 0.13 percent. This is a 0.76 percent decrease over sales of $501.900 million