Barclays Maintains Underweight on Oceaneering International, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson has maintained an Underweight rating on Oceaneering International (NYSE:OII) and lowered the price target from $24 to $22.
October 31, 2024 | 5:51 pm
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Barclays has maintained an Underweight rating on Oceaneering International and reduced the price target from $24 to $22, indicating a bearish outlook.
The Underweight rating suggests that Barclays expects the stock to underperform relative to the market. The reduction in the price target from $24 to $22 further indicates a negative outlook, which could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100