Oceaneering price target lowered to $22 from $23 at Barclays

Barclays analyst J. David Anderson lowered the firm’s price target on Oceaneering to $22 from $23 and keeps an Equal Weight rating on the shares. The company’s Q4 results and 2024 outlook were better than expected, but the inflection for offshore services is still a quarter or two away, the analyst tells investors in a research note.