UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Cameron International Corporation
In a report published Friday, Jefferies reiterated its Buy rating on Cameron International Corporation (NYSE: CAM), and raised its price target from $63.00 to $73.00.
Jefferies noted, “We were impressed with Drilling orders, V&M and PCS margins and surface outlook. The breadth of opportunity for the coming years still drives our preference for this stock. Finally, whether management is specifically raising its plans for return of cash to shareholders remains to be seen, but we have always been comfortable with intent. Maintain Buy.”
Cameron International Corporation closed on Thursday at $63.31.
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