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Jefferies raises its price target on Hold-rated Oceaneering
OII as the company posts solid quarter and increases visibility going forward.
Jefferies says, "OII reported 4Q EPS in line with expectations and also provided 2012 guidance inline with our growth expectations. We maintain our Hold rating as we believe the shares are adequately discounting the building strength and growth opportunities in the ROV market and other subsea business segments."
OII closed at $54.27 a share on Thursday.
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