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UPDATE: Sterne Agee Downgrades Oil States International on REIT Potential

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In a report published on Tuesday, Sterne Agee analyst Stephen Gengaro downgraded Oil States International (NYSE: OIS) from Buy to Neutral and maintained a price target of $99.00.

In the report, Sterne Agee noted, "Over the last few weeks, OIS shares have surged over $26 (35%) following the 13D filing by JANA Partners discussing a possible change in OIS' corporate structure, including the possibility of a REIT structure."

Oil States International closed on Monday at $103.01.

Latest Ratings for OIS

DateFirmActionFromTo
Jul 2020Morgan StanleyMaintainsEqual-Weight
May 2020Morgan StanleyMaintainsEqual-Weight
Mar 2020Raymond JamesDowngradesStrong BuyMarket Perform

View More Analyst Ratings for OIS
View the Latest Analyst Ratings

 

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Posted-In: Stephen Gengaro Sterne AgeeAnalyst Color Downgrades Analyst Ratings

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