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Fly News Breaks for August 14, 2018
NOV, CLB
Aug 14, 2018 | 07:28 EDT
Citi analyst Scott Gruber last night upgraded Core Laboratories (CLB) to Neutral from Sell with an increased price target of $117. The analyst sees less risk in the Permian and believes investors are looking for an alternative to National Oilwell (NOV) following the stock's year-to-date rally. For many investors, the oilfield services target list is limited to the premier franchises, which likely limits the downside risk to Core's stock price, Gruber tells investors in a research note.
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