ChampionX (CHX) PT Raised to $27 at Cowen

July 30, 2021 6:24 AM EDT
Get Alerts CHX Hot Sheet
Price: $23.57 +7.92%

Rating Summary:
    5 Buy, 0 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 9 | New: 34
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Cowen analyst Marc Bianchi raised the price target on ChampionX (NASDAQ: CHX) to $27.00 (from $25.00) while maintaining an Outperform rating.

The analyst commented, "CHX outperformed the OIH after guidance implying upside to 2H consensus. The outlook reflects a healthy rebound in PCT margins, by far the company's largest segment. Further upside could come from raw material price declines which are not contemplated in guidance. Maintain Outperform."



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