Capital One Downgrades DRQ, OIS, OII, SPN, EXH, NGS to Neutral; Stocks Fall
Capital One Southcoast downgrades several names in the Energy - Infrastructure industry today, saying that most stocks in this group are overextended. The firm moved its ratings on the following stocks from Add to Neutral:
- Dril-Quip (NYSE: DRQ) - target raised from $46 to $50
- Oil States International (NYSE: OIS) - target raised from $28 to $32
- Oceaneering Interntaional (NYSE: OII) - target raised from $56 to $65
- Superior Energy Services (NYSE: SPN) - target raised from $20 to $24
- Exterran Holdings (NYSE: EXH) - target raised from $21 to $28
- Natural Gas Services Group (NYSE: NGS) - target raised from $15 to $18
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