Capital One Upgrades Dawson Geophysical (DWSN) to Add
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Capital One Southcoast upgrades Dawson Geophysical Company (Nasdaq: DWSN) from Neutral to Add and maintains a $68 price target.
The firm called Dawson's 14% sell-off yesterday "over done", as the Company's long-term story has not changed at all. Capital One notes that Dawson's earnings growth was primarily driven by crew additions until now, but the firm now believes growth will be driven by channel counts, increased efficiency and pricing power.
Dawson Geophysical Company provides onshore seismic data acquisition services in the United States.
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