Newpark Resources initiated with bullish view at H.C. Wainwright, here’s why

H.C. Wainwright analyst Amit Dayal initiated coverage of Newpark Resources with a Buy rating and $12 price target. The company offers recyclable composite matting solutions for the energy and infrastructure markets, the analyst tells investors in a research note. The firm believes the exit from the Fluids Systems business “would be an important catalyst for the stock on multiple fronts,” including a simpler narrative for investors, lower corporate overheads and higher margins.