FBR Capital Upgrades Core Laboratories (CLB) to Outperform on 'Very Strong' Q4

January 31, 2013 8:56 AM EST
Get Alerts CLB Hot Sheet
Price: $123.32 +1.72%

Rating Summary:
    11 Buy, 10 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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FBR Capital upgraded Core Laboratories (NYSE: CLB) from Market Perform to Outperform with a price target of $150.00 (from $110.00) after "very strong" Q4.

The firm comments, "We are upgrading Core Laboratories (CLB) to Outperform from Market Perform on the heels of a very strong 4Q12 earnings report complemented by an equally impressive outlook. Given the attractive niche the company has carved out and the scarcity of attractive entry points, we believe investors looking for a pullback before getting more involved in the stock could miss the boat all together."

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 $117.20 yesterday.

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