This morning, BMO Capital initiated coverage on shares of Nucor (NYSE:NUE) with an outperform rating as an improved product mix and lower costs should help earnings. In the report, BMO set a $54 price target. Shares of Nucor were higher by 0.9% on the news.
Credit Suisse initiated coverage on shares of AT&T (NYSE:T) with an outperform rating as the stock is attractively valued at these levels. In the report, Credit Suisse set a $38 price target. Shares of AT&T were lower with the markets, slipping 0.8%.
And UBS initiated coverage on shares of Frank's International (NYSE:FI) with a buy rating as strong margins and exposure to the offshore markets will continue to push earnings higher. With the buy rating, UBS set a $33 price target. Shares of Frank's International were higher by 3.1%.
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