Stifel analyst Stephen Gengaro raised the firm’s price target on Oil States (OIS) to $10 from $9 and keeps a Buy rating on the shares. The firm believes small cap value investors should look at the company’s story due to: the company continuing to streamline U.S. land operations; over 75% of revenue derived from offshore and international activity; robust Q3 order flow delivered; and solid free cash flow.
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