Market Overview

UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Cameron International Corporation

Related CAM
OneSubsea Awarded $270M Contract For Pemex Lakach Deepwater Development, Mexico
Sinopec to Sell Retail Stake of 29.9% Amounting to $17.4B
Energy Stocks Move Higher as Oil Spikes (Fox Business)

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.

Latest Ratings for CAM

DateFirmActionFromTo
Dec 2014Guggenheim SecuritiesDowngradesBuyNeutral
Nov 2014Deutsche BankMaintainsBuy
Oct 2014Credit SuisseMaintainsOutperform

View More Analyst Ratings for CAM
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (CAM)

Around the Web, We're Loving...

Get Benzinga's Newsletters