Credit Suisse Starts Core Laboratories (CLB) at Neutral

September 1, 2016 7:24 AM EDT
Get Alerts CLB Hot Sheet
Price: $106.20 +0.37%

Rating Summary:
    12 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Credit Suisse initiates coverage on Core Laboratories (NYSE: CLB) with a Neutral rating and a price target of $115.00.

Analyst Gregory Lewis commented, "CLB has built a cult following with its consistent track record of best-in-class returns and returning cash to shareholders through dividends (~2.0% yield) and share buybacks. Our call is not on the company, which is a best-in-class technology and data management service provider to the O&G sector, but on the stock. We see two headwinds: 1) a lower-for-longer offshore cycle and 2) frugal customer spending which should slow the pace of margin recovery."

For an analyst ratings summary and ratings history on Core Laboratories click here. For more ratings news on Core Laboratories click here.

Shares of Core Laboratories closed at $111.78 yesterday.

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