UPDATE: Dahlman Rose Downgrades Newpark Resources to Hold on Valuation
In a report published Monday, Dahlman Rose downgraded its rating on Newpark Resources (NYSE: NR) from Buy to Hold.
Dahlman Rose noted, “We are downgrading Newpark Resources to Hold from Buy. NR has appreciated 21% since our North American Upgrade report published November 19, 2012, and the stock is currently trading within 14% of our fair value estimate. Our fair value estimate is $10 per share.”
Newpark Resources closed on Friday at $8.75.
Latest Ratings for NR
|Sep 2015||Credit Suisse||Maintains||Neutral|
|Jun 2015||Raymond James||Upgrades||Outperform||Strong Buy|
|Jun 2015||Cowen & Company||Maintains||Outperform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.