Core Laboratories (CLB) PT Raised to $21 at Cowen
Get Alerts CLB Hot Sheet
Price: $16.97 --0%
Rating Summary:
9 Buy, 12 Hold, 8 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
Rating Summary:
9 Buy, 12 Hold, 8 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
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Cowen analyst Marc Bianchi raised the price target on Core Laboratories (NYSE: CLB) to $21.00 (from $20.00) while maintaining a Market Perform rating.
The analyst commented, "CLB outperformed the OIH by 85bps after a 1Q beat but weaker than expected FCF. International commentary remains positive with a growing list of new projects. While guided 2Q revenue growth appears robust, cost absorption relating to furlough program unwind weighs on incremental margins in the near to mid-term and therefore limits any positive revision to our estimates. Maintain Market Perform."
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