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UPDATE: FIG Partners Initiates Coverage on Core Laboratories with $145 PT

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In a report published Monday, FIG Partners initiated coverage on Core Laboratories (NYSE: CLB) with a $145.00 price target.

FIG Partners noted, “We are initiating coverage of Core Laboratories with a $145 target. We believe that the company has an impeccable record in its three operating segments – reservoir description, production enhancement and reservoir management. The stock has always traded at a high PE multiple because of its competitive advantages and great reputation.”

Core Laboratories closed on Friday at $121.48.

Latest Ratings for CLB

DateFirmActionFromTo
Apr 2015ING BankDowngradesBuyHold
Apr 2015Iberia CapitalUpgradesSector PerformOutperform
Mar 2015Iberia CapitalDowngradesOutperformSector Perform

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Posted-In: FIG PartnersAnalyst Color Initiation Analyst Ratings

 

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