Jefferies Starts Core Laboratories (CLB) at Hold

Jefferies initiates coverage on Core Laboratories (NYSE: CLB) with a Hold. PT $102.00.

The firm comments, "We believe CLB's superior returns on invested capital vs peers, solid management team and unique market position justify a premium to other peers in the oil service space. However, with CLB’s shares trading at a significant premium to its historical levels on similar earnings growth expectations, we believe its current valuation limits further upside for the
shares."

For an analyst ratings summary and ratings history on Core Laboratories click here. For more ratings news on Core Laboratories click here.

Shares of Core Laboratories closed at $109.26 yesterday.

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