UPDATE: Credit Suisse Assumes Outperform, $55 PT on Bristow Group

Credit Suisse assumes coverage on Brostow Group

with an Outperform rating and a target price of $55 per share to reflect the stock's near-term catalysts. Credit Suisse says, "We believe there are two catalysts that could push the stock higher in the near term: (1) the monetization of Lider and (2) winning the contract for GSAR-H (Gap Search and Rescue). We expect both the contract announcement for GSAR-H and news on Lider early this year. In thinking about the monetization of Lider, we expect BRS to lever up its stake in Lider (currently 100% equity), injecting cash back into BRS." BRS closed at $45.77 per share on Monday.