JPMorgan Cuts ProFrac's Earnings Forecast On Lower Reinvestment And Industry Attrition
1. JP Morgan rated ACDC as Underweight with a $7 price target. 2. Q4 sales of $454.7 million missed forecasts; net loss increased. 3. Company's active fleet count is at its highest since mid-2024. 4. Profitability expected to improve, but slower than previously anticipated. 5. Analyst revised 2025-26 EBITDA forecasts down significantly.