Wells Fargo Upgrades Expro Group to 'Overweight'

Published 3 days agoXPRO

Wells Fargo Upgrades Expro Group to 'Overweight'

Wells Fargo has upgraded Expro Group Holdings N.V. (XPRO) to an "Overweight" rating, pointing to a significant enhancement in the company's free cash flow yield. This financial metric has climbed to 4.7% over the last year, a notable improvement from the average of -1.2% observed over the previous five years.

Prior to Wells Fargo's new rating, Expro had also received an "Overweight" rating from Barclays in March, alongside a price target of $14.00, as reported by ETF Daily News. Meanwhile, Expro's stock has shown considerable volatility, with a 52-week low of $6.70 and a high of $24.50, according to Defense World.

Expro, a global provider of energy services specializing in well construction and management solutions, seems poised for potential market outperformance. The improved financial outlook underscores the company's strategic focus on enhancing its cash flow position, which may contribute to stronger market performance as anticipated by Wells Fargo.

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