UPDATE - Global Hunter Securities Upgrades OYO Geospace (OYOG) to Buy; Stake Your Claim Before it's Too Late

UPDATE - Global Hunter Securities upgrades OYO Geospace (Nasdaq: OYOG) from Accumulate to Buy. PT raised from $80 to $105.

Global analyst said, "Following a recent meeting with management, a tour of OYOG's Houston manufacturing facility, and improved bid activity and backlog build reported by OYOG's customers, we are increasing our price target to $105, up from $80 and upgrading our rating to Buy from Accumulate. We are also increasing our F2012 EPS estimate in anticipation of several GSR orders from both new and existing customers. We recommend acquiring shares at current levels prior to its mid-December FQ4 2011 earnings release."

"The net impact of assuming incremental GSR channel sales in F2012 increases our EPS estimate to $6.00, up from $5.50. This implies annual GSR revenues of $60MM, which compares to our $58.5MM forecast for F2011 and prior $45.5MM estimate for F2012. Our F2012 GSR rental revenues estimate of $8.9MM remains unchanged, up from $2.9MM in F2011 when OYOG established the offering."

To See Ratings Summary & History on OYOG, Click Here

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