Cactus, Inc. (WHD) PT Lowered to $64 at Stifel

Stifel analyst Stephen Gengaro lowered the price target on Cactus, Inc. (NYSE: WHD) to $64.00 (from $68.00) while maintaining a Buy rating.

The analyst commented, "We believe U.S. tariff uncertainty and expectations for flat U.S. activity will remain a near-term headwind. However, WHD's large domestic manufacturing capacity and ongoing efforts to diversify its supply chain should help it mitigate the margin impact. In addition, we believe WHD will be able to offset any higher costs with pricing for its industry-leading wellhead. We are trimming forecasts, maintaining our Buy, and reducing our target price to $64 from $68."

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