- Energy engineer Frank's International (FI +3.8%) is upgraded to Outperform from Neutral with a $27 price target, up from $22, at Credit Suisse.
- FI is a well managed company at its core, the firm says, generating 40%-plus EBITDA margins, with no debt, positive EVA and a global duopoly.
- Shares currently trade at 5.1x-6.6x 2016 EBITDA and should return to the 7x-9x range over the next year or so as reporting and operations get more efficient, Credit Suisse says.
"Well managed" Frank's International upgraded at Credit Suisse
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