Cameron downgraded to Neutral from Buy at Global Hunter Global Hunter downgraded Cameron based on expectations 2014 margins will peak due to a fall in orders in drilling. Price target cut to $64 from $68.
Cameron upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded Cameron to Outperform with a $58-$64 price target range saying it favors capital equipment amid the current offshore downturn.
Cameron says downturn in spending hitting N American harder than international The company says the speed of cyclical downturn is creating uncertainty for all businesses and says there's "not much to gain" from predicting the length and depth of the cycle. Comments taken from Q1 earnings conference call.