Two firms initiate coverage of Ion Geophysical (IO +8.6%): Barrington starts at Outperform,...

|By:, SA News Editor

Two firms initiate coverage of Ion Geophysical (IO +8.6%): Barrington starts at Outperform, expecting IO to benefit from increased demand driven by complex and unconventional reservoirs, while Dougherty starts with a Buy rating, seeing strong demand for IO's multi-client and data processing services driving top and bottom line growth in excess of 15% and 25%, respectively.