UPDATE: FIG Partners Initiates Coverage on Core Laboratories with $145 PT
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
|Jul 2014||Guggenheim Securities||Upgrades||Neutral||Buy|
|Jun 2014||Iberia Capital||Upgrades||Sector Perform||Outperform|
|May 2014||Morgan Stanley||Upgrades||Underweight||Equalweight|
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