- Bristow Group (BRS +3.6%) is upgraded to Buy from Speculative Buy with a $98 price target, up from $77, at Global Hunter, which expects BRS to beat the quarter and raise annual guidance which in turn will result in upward revisions to the Street's FY 2015 and 2016 expectations.
- The firm thinks an improved returns profile, recent share gains likely to accelerate given the stranglehold on the industry's order and options book, and likely 20%-plus earnings growth vs. the 10%-15% guidance will change how investors value the stock, moving away from NAV to earnings.