ProPetro awarded ‘Buy’ rating in initial coverage from Bank of America

ProPetro awarded ‘Buy’ rating in initial coverage from Bank of America Proactive uses images sourced from Shutterstock Bank of America has initiated coverage on ProPetro (NYSE:PUMP) with a 'Buy' rating and a price objective of $18, citing a combination of cyclical recovery in oilfield services and longer-term growth in power infrastructure. Shares of ProPetro traded up almost 3% at $15 on Monday afternoon. The bank’s analysts believe ProPetro is well placed for a recovery in hydraulic fracturing, or “ ...