Goldman Sachs Resumes Bristow Group (BRS) at Neutral

June 13, 2012 7:39 AM EDT
Get Alerts BRS Hot Sheet
Price: $18.11 -1.52%

Rating Summary:
    10 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Goldman Sachs resumes coverage on Bristow Group (NYSE: BRS) with a Neutral rating and $50 price target.

The firm said the high yield versus peers could appeal to income oriented. And while the company has limited pricing power, momentum in the offshore market provides ample opportunity for the company to increase scale which could drive flows and dividend growth.

For an analyst ratings summary and ratings history on Bristow Group click here. For more ratings news on Bristow Group click here.

Shares of Bristow Group closed at $39.70 yesterday.

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