Jefferies Assumes Coverage on Cameron International (CAM) at Buy; Multiple Avenues for Revenue Growth

Jefferies assumes coverage on Cameron International (NYSE: CAM) with a Buy. PT $65.00.

"CAM is poised to benefit from strong energy infrastructure spending across its segments, in our view, and we expect sustained strong orders over the next several quarters to provide catalyst for shares. We think margin improvement in its Process and Compression Services division following self-help efforts should raise confidence in estimates. And long-term optionality related to offshore rig equipment packages is a positive as well. NAM surface exposure is meaningful, but we are comfortable that activity levels, and thus completion/production infrastructure needs, should remain robust."

For an analyst ratings summary and ratings history on Cameron International click here. For more ratings news on Cameron International click here.

Shares of Cameron International closed at $57.20 yesterday.

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