UPDATE: BMO Capital Markets Upgrades North American Energy Partners to Outperform on Improved Execution
Posted on February 07, 2013 at 08:04 AM EST
BMO Capital Markets upgraded North American Energy Partners (NYSE: NOA ) from Market Perform to Outperform and raised the price target from $3.50 to $5.50. BMO Capital Markets commented, "We believe the weak market for Heavy Construction and Mining services will weigh on topline growth, but see several positive catalysts