Stifel lowers TETRA Technologies stock price target on valuation
Stifel has lowered its price target for TETRA Technologies Inc. (NYSE:TTI) to $11 from $12 but maintained a Buy rating, citing valuation concerns despite strong Q3 2026 results. The company's Q3 revenue and adjusted EBITDA exceeded Stifel's forecasts, driven by strength in Water & Flowback and reduced corporate costs, with double-digit growth projected for Q4 2026 and further improvement in 2027. However, InvestingPro analysis indicates the stock is currently overvalued, trading at a high P/E ratio of 86.45.
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