Market Overview

UPDATE: Credit Suisse Upgrades Oil States International

Share:
Related OIS
Benzinga's Top Initiations
Oil States 'Looks Fairly Valued,' According To Morgan Stanley

In a note released Monday, Credit Suisse analyst James Wicklund upgraded shares of Oil States International (NYSE: OSI) from Neutral to Outperform and raised his price target from $60 to $72.

Wicklund's confidence for Oil States in both the second half of 2014 and the long-term is increasing due to better than expected EBITDA margins posted in the second quarter and guided for the third quarter, an "all-time high" backlog of nearly $600 million, and a 1:1 book-to-bill ratio.

As an additional positive, Wicklund believes that the company's Completion and Services business should continue to see solid demand and >30 percent incremental margins.

Latest Ratings for OIS

DateFirmActionFromTo
Aug 2016Morgan StanleyInitiates Coverage onEqual-weight
Aug 2016Deutsche BankMaintainsHold
Jun 2016Evercore ISI GroupUpgradesHoldBuy

View More Analyst Ratings for OIS
View the Latest Analyst Ratings

Posted-In: Credit Suisse James WicklundAnalyst Color Upgrades Price Target Analyst Ratings

 

Related Articles (OIS)

View Comments and Join the Discussion!