Goldman Sachs Group Inc. upgraded shares of Petrofac Ltd (NASDAQ:POFCY) from a neutral rating to a buy rating in a research note published on Wednesday, The Fly reports.
Separately, Zacks Investment Research raised shares of Petrofac from a sell rating to a hold rating in a research note on Tuesday, June 28th.
Petrofac (NASDAQ:POFCY) opened at 5.80 on Wednesday. The stock’s 50 day moving average is $5.49 and its 200 day moving average is $5.58. Petrofac has a 1-year low of $4.45 and a 1-year high of $7.25. The firm’s market capitalization is $3.94 billion.
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