Courtesy of Benzinga.
In a report published Tuesday, Credit Suisse analyst James Wicklund reiterated a Neutral rating on Frank’s International NV (NYSE: FI), but lowered the price target from $24.00 to $22.00.
In the report, Credit Suisse noted, “This piece is intended to clarify the valuation of Frank’s to take into account the minority interest ownership of the family private partnership. While it has no impact on the P/E valuation, it does impact the EV/EBITDA valuation – the primary metric typically used in the OFS sector.”
Frank’s International NV closed on Monday at $19.28.
Latest Ratings for FI
Date | Firm | Action | From | To |
---|---|---|---|---|
Sep 2014 | KeyBanc | Initiates Coverage on | Buy | |
Sep 2014 | FBR Capital | Maintains | Outperform | |
Aug 2014 | Goldman Sachs | Upgrades | Sell | Neutral |
View More Analyst Ratings for FI
View the Latest Analyst Ratings
Posted-In: Credit Suisse James WicklundAnalyst Color Price Target Analyst Ratings