Cameron upgraded to Buy from Hold at Societe Generale Societe Generale upgraded Cameron to reflect divestitures of non-core assets and activist ownership that will dive improvement. Price target is $69.
Cameron upgraded to Outperform from Sector Perform at Scotia Howard Weil Scotia Howard Weil upgraded Cameron to Outperform and said its robust backlog provides earnings visibility this year and views valuation as attractive.
OneSubsea awarded contract for supply of subsea trees for Shah Denix Two OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has been awarded a contract totaling more than $60M for the Shah Deniz Two development, operated by BP, offshore Azerbaijan. OneSubsea was awarded the initial contract for subsea trees for Shah Deniz Two in 2013. The scope of the new contract includes the supply of the second of three planned batches of subsea production trees and ancillaries. Deliveries are expected to commence 2016.