UBS Downgrades Oil/Gas Stocks, Slashes Price Targets (BJS, SLB, HAL, RIG, more...)
UBS downgraded and adjusted their price targets number of Oil & Gas stocks today
Downgraded from Buy to Neutral:
BJ Services (NYSE: BJS) (tgt cut to $13)
Chart Indust (Nasdaq: GTLS) (tgt cut to $12)
Complete Production Services (NYSE: CPX) (tgt cut to $9)
Diamond Offshore (NYSE: DO) (tgt cut to $65)
ENSCO International (NYSE: ESV) (tgt cut to $32)
Geokinetics (NYSE: GOK) (tgt cut to $3)
PHI Inc (Nasdaq: PHIIK) (tgt cut to $15)
Rowan Companies (NYSE: RDC) (tgt cut to $18)
Schlumberger (NYSE: SLB) (tgt cut to $45)
Weatherford (NYSE: WFT) (tgt cut to $12)
The firm also downgraded Hercules Offshore (Nasdaq: HERO) from Neutral to Sell ($4 tgt).
The firm maintained a Buy on:
Halliburton Company (NYSE: HAL) (tgt cut to $25)
Baker Hughes Inc. (NYSE: BHI) (tgt cut to $40)
Atwood Oceanics Inc. (NYSE: ATW) (tgt cut to $22)
Nobel Corp (NYSE: NE) (tgt cut to $35)
Transocean (NYSE: RIG) (tgt cut to $70)
The firm maintained a Neutral on:
Smith International Inc. (NYSE: SII) (tgt cut to $25)
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