UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Superior Energy Services

In a report published Friday, Jefferies & Company reiterated its Hold rating on Superior Energy Services

, and slightly raises its price target from $21.00 to $22.00. Jefferies noted, “SPN's Gulf of Mexico (GoM) and non-North America upside caught our attention this quarter, with P&A resiliency in the GoM, rental tools strength generally and apparent completion tools momentum. U.S. onshore is still a weight, but that weight resets GoM + non-NAM to 1/2 of EBIT in 2013E. We'd prefer greater comfort with growth/margin prospects outside of U.S. land and FCF prospects before getting more constructive.” Superior Energy Services closed on Thursday at $20.24.