Oil States price target lowered to $9 from $10 at Susquehanna

Susquehanna analyst Charles Minervino lowered the firm’s price target on Oil States to $9 from $10 and keeps a Neutral rating on the shares. The firm has "modestly lowered" second half estimates for many of the North American oilfield services companies in its coverage heading into Q1 earnings season for the group, citing economic uncertainty, low natural gas prices and risk to drilling and completions activity.