Key Energy started with Outperform rating at Imperial Capital

Key Energy Services (KEG -0.2%) is initiated with an Outperform rating and $11 price target at Imperial Capital, which believes KEG is well positioned to benefit from a recovery in U.S. onshore E&P activity, given its broad service portfolio and attractive regional footprint.

Although the outlook for the International segment remains more uncertain, the firm thinks trends should stabilize over the next few quarters, with any improvement in profitability potentially driving upside to KEG's earnings and stock price.

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