Cowen & Co. Reaffirms Their Hold Rating on Core Laboratories (CLB)


In a report issued on October 29, Marc Bianchi from Cowen & Co. reiterated a Hold rating on Core Laboratories (NYSE: CLB), with a price target of $90. The company’s shares opened today at $85.24, close to its 52-week low of $82.07.

According to TipRanks.com, Bianchi has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.0% and a 26.9% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Propetro Holding Corp.

Core Laboratories has an analyst consensus of Moderate Buy, with a price target consensus of $107.38, representing a 26.0% upside. In a report issued on October 18, Merrill Lynch also resumed coverage with a Hold rating on the stock with a $116 price target.

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The company has a one-year high of $130.34 and a one-year low of $82.07. Currently, Core Laboratories has an average volume of 424K.

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Core Laboratories NV engages in the provision of proprietary and patented reservoir description, production enhancement, and reservoir management services to the oil and gas industry. It operates through the following business segments: Reservoir Description, Production Enhancement, and Reservoir Management.

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