UPDATE - Global Hunter Securities Upgraded Dresser-Rand Group (DRC) to Buy; Look No Further
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Price: $63.98 -0.51%
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade DRC Now!
UPDATE - Global Hunter Securities upgraded Dresser-Rand Group (NYSE: DRC) from Accumulate to Buy, price target raised from $62 to $67.
Analyst, Jeff Spittel, said, "We are upgrading DRC to Buy and raising our price target to $67 on the basis of an increasingly vibrant orders forecast related to offshore production installations, shale gas-driven downstream opportunities in North America, early stage environmental solutions and steady year on year growth in Aftermarket bookings. In our view, DRC deserves consideration as a core energy holding across the cycle, particularly considering that the recent supply chain issues appear to be getting resolved expeditiously. Looking for a way to play $100 crude and $2 NAM gas? Look no further."
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Analyst, Jeff Spittel, said, "We are upgrading DRC to Buy and raising our price target to $67 on the basis of an increasingly vibrant orders forecast related to offshore production installations, shale gas-driven downstream opportunities in North America, early stage environmental solutions and steady year on year growth in Aftermarket bookings. In our view, DRC deserves consideration as a core energy holding across the cycle, particularly considering that the recent supply chain issues appear to be getting resolved expeditiously. Looking for a way to play $100 crude and $2 NAM gas? Look no further."
To see more ratings on DRC, Click Here
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