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.

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