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Fly News Breaks for April 3, 2019
KLXE
Apr 3, 2019 | 08:47 EDT
Jefferies analyst Brad Handler initiated coverage of KLX Energy Services with a Buy rating and $35 price target. The company "brings a degree of sophistication, breadth of services and new product potential that can foster organic growth," Handler tells investors in a research note. He feels these attributes should be distinctive given his firm's flat macro outlook. The analyst adds, however, that KLX's annual-only guidance and Q1 results may make it hard for investors to see how the company can achieve its guidance.
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