C&J Energy (CJES +3%) is initiated with a Buy rating and $26 target price at Global Hunter,...
C&J Energy (CJES +3%) is initiated with a Buy rating and $26 target price at Global Hunter, which believes it is "reasonably well positioned" to weather North American onshore market conditions in 2012-13. Term commitments and recent contract renewals from large E&P customers "speak to the legitimacy of CJES' growing franchise," the firm says.
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