Patterson-UTI (Nasdaq:PTEN) soared on Friday after being upgraded two levels by Credit Suisse (NYSE:CS), and also receiving an upgrade from Weeden.
Credit Suisse upgraded them from "Underperform" to "Outperform." Weeden upgraded Patterson from "Hold" to "Buy."
Weeden increased their price target from $19 to $22, while Credit Suisse bumped them up from $17 to $23.
Patterson closed the week at $19.54, gaining $1.04 on Friday, or 5.62 percent.
The company supplier of oil and natural gas services has been soaring since the latter part of August when it was below $14 a share.
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