Oil States price target raised to $6.50 from $5.50 at Susquehanna

Susquehanna raised the firm’s price target on Oil States (OIS) to $6.50 from $5.50 and keeps a Neutral rating on the shares. The firm updated its model following Q3 earnings as the company continues to execute quite well in a challenging oilfield services spending environment, with strong order flow in OMP and cost rationalization efforts to improve margins in the slower environment.