Oil States price target lowered to $6.50 from $7 at Susquehanna

Susquehanna lowered the firm’s price target on Oil States to $6.50 from $7 and keeps a Neutral rating on the shares. The firm updated its model following Q4 results and they expect strong growth in OMP revenue to drive year-over-year growth in 2024, but the company’s other two segments, leveraged to US land-based activity, are expected to remain sluggish in the first half of the year.