UPDATE: Sterne Agee Upgrades Tetra Technologies to Buy on Improved Execution Consistency
Sterne Agee upgraded Tetra Technologies (NYSE: TTI) from Neutral to Buy and announced a$12.00 price target.
Sterne Agee commented, "Over the past few years, TETRA has taken steps to streamline operations and drive earnings growth and strong free cash flow. These include: 1) spinning out part of Compressco into an MLP; 2) vertically integrating the raw materials for its Fluids operations; 3) selling substantially all of Maritech; 4) working to complete the well abandonment and decommissioning work on its remaining liabilities; and 5) focusing its growth efforts on the more stale Fluids, Production Testing and Compressco segments."
Tetra Technologies closed at $8.84 on Wednesday.
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