Stifel has revised its price target for DMC Global (BOOM, Financial), reducing it from $9.50 to $9. The firm's decision to maintain a Hold rating on the shares reflects a cautious stance as the Q1 earnings season approaches.
This update comes as Stifel adjusts its earnings models for the oilfield services and equipment sector. The revision indicates an expectation of slightly reduced activity in the first quarter compared to earlier projections. The firm is also adopting a more conservative near-term outlook for this industry segment.
