Jefferies Reiterates Buy Rating, $32 PT On CPX

In a report released this morning, Jefferies said that it believes Complete Production Services (NYSE:
CPX
) shares offer a compelling value after Friday's drop owing to its strong exposure to rising activity levels in horizontal, high service intensity reservoirs and its excellent contract coverage. “We reiterate our Buy and $32 PT,” Jefferies writes. Complete Production Services closed Friday at $24.76.
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