Analysts Upgrading Oil & Gas Service Stocks Amid Schlumberger/Smith Talks; 6 Upgrades in the Sector Today

Analysts covering the Oil & Gas Service and Equipment sector seem to be responding positively to news that Schlumberger (NYSE: SLB) is in advanced talks to acquire Smith International (NYSE: SII).

• Morgan Stanley upgraded shares of Transocean (NYSE: RIG), Ensco (NYSE: ESV) and Norsk Hydro (OTC: NHYDY) earlier.
  
• Johnson Rice upgraded Rowan (NYSE: RDC) from Underweight to Equalweight and Ensco from Equalweight to Overweight.
  
• Raymond James upgraded Swift Energy (NYSE: SFY) from Market Perform to Outperform.

The Oil Service HOLDRs ETF (NYSE: OIH) is up about 1.2% today.

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