Market Overview

UPDATE: Credit Suisse Initiates Coverage on TETRA Technologies on Blended Valuation Methodology

Share:
Related TTI
8 Biggest Price Target Changes For Tuesday
Mid-Day Market Update: ConforMIS Gains Following Strong Q3 Results; MDC Partners Shares Drop

In a report published Thursday, Credit Suisse analyst J. Sisto initiated coverage on TETRA Technologies (NYSE: TTI) with a Neutral rating and $15.00 price target.

In the report, Credit Suisse noted, “Our $15 TP is based on a blended valuation methodology (similar to how we look at other names in our coverage), whereby we generated a blended target from a discounted cash flow (DCF) analysis, P/E and EBITDA multiples. Our 2013-15 adjusted EPS estimates are $0.29, $0.90, and $1.17, respectively.”

TETRA Technologies closed on Wednesday at $11.75.

Latest Ratings for TTI

DateFirmActionFromTo
Nov 2016Scotia Howard WeilUpgradesSector PerformSector Outperform
Nov 2016Credit SuisseDowngradesOutperformNeutral
Oct 2016Wells FargoInitiates Coverage OnOutperform

View More Analyst Ratings for TTI
View the Latest Analyst Ratings

Posted-In: Credit Suisse J. SistoAnalyst Color Initiation Analyst Ratings

 

Related Articles (TTI)

View Comments and Join the Discussion!