By: Benzinga
UPDATE: Credit Suisse Initiates Oil States International at Outperform on Potential Upside
Credit Suisse initiated Oil States International (NYSE: OIS ) with an Outperform rating and a $91.00 price target. Credit Suisse said, "It is well known that many E&Ps ran out of capital in 4Q12. OIS' seasonal business lines showed significant declines in annual implied revenue generation from Q1-Q3, averaging -20%.
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