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UPDATE: Williams Financial Group Reiterates Buy Rating, Lowers PT on Oil States International

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In a report published Friday, Williams Financial Group reiterated its Buy rating on Oil States International (NYSE: OIS), but lowered its price target from $112.00 to $101.00.

Williams Financial noted, “OIS posted an above‐Consensus quarter with again record Offshore Products Backlog, but slippage of revenue for that segment into 4Q and Australian Accommodations contracts potentially reverting closer to minimum levels weighed on shares. Still, Accommodations should generate further organic room growth and high margins. Offshore Products should gain further traction coming off record backlog as well. We reiterate our Buy rating despite lowering our price target to $101.”

Oil States International closed on Thursday at $71.74.

Latest Ratings for OIS

DateFirmActionFromTo
Jul 2017Wells FargoDowngradesOutperformMarket Perform
Jun 2017Morgan StanleyDowngradesOverweightEqual-Weight
Jun 2017Wells FargoInitiates Coverage OnOutperform

View More Analyst Ratings for OIS
View the Latest Analyst Ratings

Posted-In: Williams Financial GroupAnalyst Color Price Target Analyst Ratings

 

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