Citigroup Downgrades Cactus to Neutral, Raises Price Target to $75
Citigroup analyst Scott Gruber downgrades Cactus (NYSE:WHD) from Buy to Neutral and raises the price target from $67 to $75.
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Citigroup analyst Scott Gruber downgrades Cactus (NYSE:WHD) from Buy to Neutral and raises the price target from $67 to $75.
Read original at benzingaCactus director John A. O'Donnell sold 10,000 shares (36% of his direct stake) on August 5, 2026, at $66.13 per share, slightly above the market close of $65.91. Despite the insider sale, the article notes Cactus has posted record quarterly results with strong revenue growth driven by acquisition activity and robust energy services demand. The key question for investors is whether oil and gas drilling activity remains strong enough to sustain the company's momentum.
Read original at the-motley-foolCactus General Counsel William Marsh sold 7,178 shares (28% of his direct stake) for $476,000 on August 5, 2026, at $66.32 per share. Despite the insider sale, the article notes Cactus delivered record quarterly results with strong revenue growth. The company remains a profitable operation in the oil and gas equipment sector with impressive momentum, though investors should monitor the cyclical nature of energy drilling activity.
Read original at the-motley-fool