KLR Group maintained a Buy rating on Frank's International (NYSE: FI), and cut the price target to $20.00 (from $23.00), following the company's 4Q earnings report.

Analyst Darren Gacicia commented, "We are lowering our price target to $20 from $23 driven by lower near term earnings projections as well as a slight reduction to our mid-cycle ROA assumption 12.1% (previously 12.8%)."

For an analyst ratings summary and ratings history on Frank's International click here. For more ratings news on Frank's International click here.

Shares of Frank's International closed at $13.91 yesterday.