UPDATE: Dahlman Rose Initiates Oil State International at Buy on Outlook

Dahlman Rose initiated its coverage on Oil State International (NYSE: OIS) with a Buy rating and a price target of $99 a share.

Dahlman Rose said, "We are initiating coverage of OIS with a Buy rating due to the strong outlook in the Accommodations and Offshore segments, the high-grading of the earnings mix towards these segments, the relative resilience in the company's US segments, and a quality management team that has demonstrated excellent execution."

Oil State International closed at $77.43 on Monday.

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