Oil States International, Inc. (OIS): Global Hunter is out with its report tod...

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Bart Myers

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Friday, 04/29/2011 10:47:44 AM

Friday, April 29, 2011 10:47:44 AM

Global Hunter is out with its report today on Oil States International (NYSE: OIS), upgrading OIS from Accumulate to Buy.

In a note to clients, Global Hunter writes, "We are upgrading OIS to a Buy rating, from Accumulate, and increasing our price target to $97. We have high conviction that the company's acquisition of The MAC and organic expansion in 2011 for its Accommodation and Rental Tools segments set it up for record earnings in 2012. Further upside is possible if OCTG pricing improves, Offshore Product orders exceed our assumptions, more equipment is added to its Rental Tools asset base, and OIS moves forward with further camp/lodging expansion, all of which are plausible."

Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/04/1043878/update-global-hunter-upgrades-oil-states-international-t#ixzz1KvKWBk8P