Goldman Sachs Resumes Coverage on Cameron International (CAM) at Buy; Many Reasons To Like

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Goldman Sachs resumes coverage on Cameron International (NYSE: CAM) with a Buy. PT $70.00.

Analyst, Waqar Syed, highlights six reasons to like CAM including: 1. Leveraged to an expanding BOP market; 2. Heightened BOP safety standards boosting after-market revenue opportunity; 3. Acquisition of LeTourneau and TTS expands CAM’s ability to increase revenue take in the offshore rig construction market; 4. Subsea market provides another growth platform; 5. Growth in LNG and FPSO markets should provide substantial growth opportunities; and 6. Operating income margins are inflecting for CAM.

For an analyst ratings summary and ratings history on Cameron International click here. For more ratings news on Cameron International click here.

Shares of Cameron International closed at $50.20 yesterday, with a 52 week range of $38.38-$57.65.

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