Jesup & Lamont Downgrades Bristow Group (BRS) to Hold

Jesup & Lamont downgrades Bristow Group (NYSE: BRS) from Buy to Hold.

Jesup analyst says, "We are downgrading Bristow Group to HOLD based on valuation...The company is presently midway through a five year strategic plan to double revenues and improve ROCE of 20%. Management has many years of experience and has been transforming the company through a long term capital investment program to upgrade the fleet to larger helicopters. We have based our new HOLD rating on the current stock price and the anticipated decline in flight hours and rates."

To see more analyst ratings on BRS Click Here.

Bristow Group Inc. is a provider of helicopter services to the offshore energy industry with global operations.

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