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Why This Riot Blockchain Analyst Is Bullish On Bitcoin Mining Opportunity
Friday, July 30, 2021 - 11:37am | 237Riot Blockchain Inc (NASDAQ: RIOT) currently operates around 2.4% of the global Bitcoin mining capacity, according to BTIG. The Riot Blockchain Analyst: Gregory Lewis initiated coverage of Riot Blockchain with a Buy rating and $45 price target. The Riot Blockchain Takeaways: While all of the...
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Why BTIG Is Bullish On Plug Power, Nikola
Friday, May 28, 2021 - 1:45pm | 660Nikola Corporation (NASDAQ: NKLA) and Plug Power Inc. (NASDAQ: PLUG) are two energy stocks that have excited and disappointed investors in equal measure in recent times. An analyst at BTIG, however, is unequivocally bullish on the two equities. The EV Stock Analyst: Analyst Gregory Lewis...
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Scorpio Bulkers Upgraded By Credit Suisse, Sees 15% Increase In Dry Bulk Asset Prices
Monday, March 13, 2017 - 10:15am | 324Credit Suisse upgraded Scorpio Bulkers Inc (NYSE: SALT) to Outperform from Neutral on expectations of higher bulk prices. “Bulker prices are up roughly 30% since bottoming in 1Q16 and with nil modern tonnage available for sale we expect prices to grind higher,” analyst Gregory Lewis...
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Credit Suisse Likes Core Laboratories Better As A Company Than As A Stock
Thursday, September 1, 2016 - 9:49am | 327While Core Laboratories N.V. (NYSE: CLB) is a “best-in-class technology and data management service provider to the O&G sector,” there are two headwinds for the stock, Credit Suisse’s Gregory Lewis said in a report. He initiated coverage of the company with a Neutral rating...
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Credit Suisse On Safe Bulkers: 'Not Getting Any Better'
Friday, July 29, 2016 - 9:14am | 257Credit Suisse has downgraded Safe Bulkers, Inc. (NYSE: SB) to Underperform from Neutral as it expects prolonged weakness in the drybulk market. "Management has done a tremendous job of working with its banks to refinance ~$470 million which helps extend SB's runway, but at a certain point the...
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Credit Suisse Warns Of 'More Ebbing Than Flowering' At Kirby, Downgrades
Tuesday, June 21, 2016 - 9:38am | 386Credit Suisse has downgraded Kirby Corporation (NYSE: KEX) to Neutral from Outperform on slowing volumes and potential weakness in coastal business. "While we like KEXs competitive position (25+ percent share in core inland/coastal businesses) and the long-term outlook for the maritime business at...
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Tanker Rates Down This Week; Here's Why
Tuesday, May 31, 2016 - 10:43am | 381Tanker rates were mostly down last week. In a new report, Credit Suisse analyst Gregory Lewis dug into the activity behind the numbers. According to Lewis, June loadings are underway, with VLCC spot activity out of the MEG up roughly 40 percent week-over-week (W/W). About 40 oil tankers are being...
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Credit Suisse On World Fuel Services: 'Taking The Foot Off The Gas,' Downgraded
Friday, April 29, 2016 - 12:23pm | 425Credit Suisse has downgraded World Fuel Services Corp (NYSE: INT) to Neutral from Outperform, citing longer-than-expected transition process and tepid macro environment. World Fuel Services, a global fuel logistics company, reported adjusted EPS of $0.77 ahead of consensus of $0.75 and in-line...
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Credit Suisse Upgrades Helix Energy To Outperform, Price Target Doubled To $10
Tuesday, April 12, 2016 - 10:45am | 210Credit Suisse’s Gregory Lewis believes that well intervention is an effective means of boosting volumes and slowing the decline in rates of old wells. The analyst upgraded the rating for Helix Energy Solutions Group Inc (NYSE: HLX) from Neutral to Outperform, while raising the price target...
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Transocean Target Slashed By Credit Suisse's Lewis, Analyst Warns It's 'Not Getting Any Easier'
Thursday, February 25, 2016 - 10:24am | 238Credit Suisse’s Gregory Lewis maintained an Underperform rating for Transocean Ltd (NYSE: RIG), while reducing the price target from $10 to $5 on indications of a likely delay in the recovery in the industry. Transocean’s GSF DDI [6G] contract has been terminated, reducing its...
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Transocean Perma-Bear Sees...12% Upside?
Friday, February 12, 2016 - 11:08am | 275Credit Suisse’s Gregory Lewis maintained an Underperform rating for Transocean LTD (NYSE: RIG), with a price target of $10. There are about 1,200 floater days contracted year to date, which includes approximately 250 incremental days from the company’s fleet status report. “...
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Seadrill: Still 'Muddling' Along?
Wednesday, November 25, 2015 - 10:39am | 324Seadrill Ltd (NYSE: SDRL) has seen a 51.28 percent decline in its share price over the past six months, with the shares almost touching their 52-week low on September 28. Gregory Lewis of Credit Suisse has maintained an Underperform rating on the company, with a price target of $5. The company...
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Credit Suisse Says 'Frontline 2.0' Is Here, Upgrades Stock To Neutral
Wednesday, November 25, 2015 - 9:01am | 310Despite significant volatility over the past month, shares of Frontline Ltd. (NYSE: FRO) are up less than 1 percent since October 26. Credit Suisse’s Gregory Lewis upgraded the rating on the company from Underperform to Neutral, while raising the price target from $2 to $4. The...
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Euronav, Scorpio Still Best-In-Breed Tankers: Credit Suisse
Wednesday, October 7, 2015 - 11:49am | 394Tanker rates experienced extreme volatility in Q3, but finished the quarter on a high note. With rates currently near $100k/d, Credit Suisse believes upward Q4 tanker earnings revisions are coming soon. Credit Suisse names Euronav NV (NYSE: EURN) and Scorpio Tankers Inc (NYSE: STNG) as...
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Pacific Drilling, Seadrill Downgraded At Credit Suisse; Notes Drilling Recovery Delayed Until At Least 2018
Thursday, September 3, 2015 - 8:14am | 393In a report published Thursday, Credit Suisse analyst Gregory Lewis maintained an Underperform rating on the entire Offshore Drillers sector, while simultaneously downgrading Seadrill Ltd (NYSE: SDRL) to Underperform from Neutral (with a price target lowered to $5 from a previous $7) and Pacific...