UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Exterran Holdings

In a report published Monday, Deutsche Bank reiterated its Buy rating on Exterran Holdings

, and raised its price target from $29.00 to $33.00. Deutsche Bank noted, “Restructuring moves to next phase - The new management team at EXH has succeeded to date in harvesting "low hanging fruit." The next stage in the turn-around involves deeper, structural changes to the company's service delivery model and approach to project bidding, pricing and execution. These changes should enhance long-term earnings power. Meanwhile, a fundamental tailwind seems to be building in both the US (bottoming in dry gas, growth in unconventionals) and international markets. We continue to rate EXH a BUY and it remains our favorite small-cap.” Exterran Holdings closed on Friday at $21.08.