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Fly News Breaks for April 30, 2018
OII
Apr 30, 2018 | 08:56 EDT
RBC Capital analyst Kurt Hallead raised his price target on Oceaneering to $26, saying the company will be better positioned to maximize its opportunity in ROVs and Subsea products amid a shift in gears for the offshore spending cycle. The analyst is positive on the company's efforts to leverage its robotics technology beyond the traditional energy markets, even as the increased offshore activity and contract awards will likely lead to above-parity book-to-bill. Hallead keeps his Outperform rating on Oceaneering.
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