Oceaneering (OII +1.6%) is upgraded to Conviction Buy with a raised price target of $66 from $57...

|About: Oceaneering International Inc. (OII)|By:, SA News Editor

Oceaneering (OII +1.6%) is upgraded to Conviction Buy with a raised price target of $66 from $57 by Goldman Sachs, which cites leverage to rising deepwater drilling and construction activity, as well as enhanced deepwater safety practices. Goldman also says consensus EPS estimates for 2012 and 2013 are too low.