Global Hunter Securities Upgrades Cameron International (CAM) to Buy; Top Ideas to be Long Over the Next Month
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Price: $24.91 +0.04%
Rating Summary:
14 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Global Hunter Securities upgraded Cameron International (NYSE: CAM) from Neutral to Buy. PT increased from $55 to $63.
Global analyst says, "We believe that CAM should trade up on the quarter based on a significant order beat relative to the consensus expectation. The stock has underperformed after its Usan project was hit with cost overruns last quarter and it guided to delays in subsea project awards. While subsea produces some big ticket, high-profile projects, we believe that will not drive CAM’s trading this quarter and investors will see that CAM can generate substantial orders without subsea. On a relative basis, we expect outperformance vs. FMC Technologies (NYSE: FTI) as its orders will likely disappoint investors."
For more ratings news on Cameron International click here and for the rating history of Cameron International click here.
Shares of Cameron International closed at $49.34 yesterday.
Global analyst says, "We believe that CAM should trade up on the quarter based on a significant order beat relative to the consensus expectation. The stock has underperformed after its Usan project was hit with cost overruns last quarter and it guided to delays in subsea project awards. While subsea produces some big ticket, high-profile projects, we believe that will not drive CAM’s trading this quarter and investors will see that CAM can generate substantial orders without subsea. On a relative basis, we expect outperformance vs. FMC Technologies (NYSE: FTI) as its orders will likely disappoint investors."
For more ratings news on Cameron International click here and for the rating history of Cameron International click here.
Shares of Cameron International closed at $49.34 yesterday.
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