Goldman Raises Sector Rating on Oil Services to Attractive

Goldman Sachs raised its sector rating on the Oil Services group from Neutral to Attractive this morning.

Stocks in this group that could see upside today due to the sector upgrade include: Schlumberger (NYSE: SLB), Transocean (NYSE: RIG), Halliburton (NYSE: HAL), National-Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI) and Diamond Offshore (NYSE: DO).

Shares of several of these stocks are showing movement from the upgrade today; Transocean is currently up about 1.9% to $153.03 in pre-market trading, Schlumberger is up about 1.7% to $106.70 and Diamond Offshore is up 1.3% to $137.49.

After hitting recent lows on June 4, these stocks have seen upward momentum over the last several weeks. Shares of Transocean are up more than 7% from ~$142.50, Diamond Offshore has moved 5.4% higher from its near-term low of ~$130.50 and Schlumberger has once again cracked the $100 level, moving up about 8% from where it was at on the 4th.

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