Capital One Southcoast Downgrades Superior Energy Services (SPN) to Add
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Capital One Southcoast downgrades Superior Energy Services (NYSE: SPN) from Strong Buy to Add. Price target increased from $22 to $25.
Capital One analyst says, "Closing the gap on relative underperformance: SPN has bounced up nicely out of 1Q's upside EPS posting. Our upgrade to STRONG BUY was partially based on the stock's relative underperformance ytd vs its offshore construction and services peer group...Lowering rating to ADD from STRONG BUY given strong performance ahead of, and following, solid 1Q results, closing some of the relative underperformance disparity vs its peer group."
Superior Energy Services, Inc. is a diversified provider of specialized oilfield services and equipment.
To see more analyst ratings on SPN Click Here.
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