Oceaneering Reports Second Quarter 2016 Results

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Jefferies Cuts Price Target on Oceaneering (OII) to $27; Reiterates Hold

July 25, 2016 7:45 AM EDT

Jefferies maintained a Hold rating on Oceaneering Intl (NYSE: OII), and cut the price target to $27.00 (from $31.00), following the company's 2Q. Jefferies cut estimates on OII as indications show that margins could weaken further in Products.

Analyst Brad Handler commented, "We lower... More