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Fly News Breaks for June 26, 2019
CLB, NCSM, OIS
Jun 26, 2019 | 06:49 EDT
As previously reported, Piper Jaffray analyst Ian Macpherson downgraded NCS Multistage (NCSM) to Neutral from Overweight after lowering his estimates for the company, as well as oil service peers Core Laboratories (CLB) and Oil States (OIS), due to an outlook for flattened lower 48 activity for the rest of 2019 and a low growth profile for next year. He lowered his price target NCS Multistage shares to $3.85 from $5.50, cut his target for Core Labs to $52 from $70 and reduced his target for Oil States to $16 from $19.
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