Newpark Resources cut to Neutral at Global Hunter

Newpark Resources (NR -2.9%) is downgraded to Neutral from Accumulate with a $13 price target (from $14) at Global Hunter.

The firm models NR posting a slight beat this quarter vs. the Street but thinks the stock is valued properly, seeking more clarity on how to replace the potential lost earnings from environmental services, a more firm outlook for fluids margins reaching and sustaining low double digits, and for the market to better understand the P&L impact of the spill containment system.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs