Loading...
Loading...
Global Hunter Securities initiated coverage on Core Laboratories NV
CLB with a Buy rating and a $135 price target.
Global Hunter Securities commented, "We are initiating coverage of Core Labs with a Buy rating and $135 price target on the basis of the global oil market's growing reliance upon unconventional and deepwater production and the company's status as one of the industry's go-to providers of dynamic reservoir characterization. The company specializes in enhancing recovery factors from the world's hydrocarbon reservoirs, which will be essential to the long-term preservation of the global hydrocarbon age. … In our view, building visibility in the global deepwater markets and a steady prognosis for the North American onshore complex present investors with an attractive opportunity to own this best-in-class name well off its 2012 highs."
Core Laboratories NV closed at $102.54 on Monday.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in