Credit Suisse (NYSE:CS) upgraded Patterson-UTI (Nasdaq:PTEN) two notches today from "Underperform" to "Outperform."
Patterson is a provider of onshore contract drilling services to independent oil and natural gas operators in the United States and Canada.
At 12:32 PM EDT, was up to $19.42, gaining $0.92, or 4.97 percent.
Credit Suisse has a price target of $23 on them, increasing it from $17.
Trading volume has already exceeded the daily three month average of 4,710,340 shares.
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