Bernstein Initiates InterOil At Outperform

Analysts at Bernstein initiated coverage on InterOil

with a Outperform rating. The target price for InterOil is set to $90. InterOil shares have declined 24.08% over the past 52 weeks, while the S&P 500 index has gained 17.18% in the same period. InterOil's shares dropped 2.88% to close at $56.26 yesterday.