Offshore Logistics "outperform"

06/08/04 - Robert W. Baird

NEW YORK, June 8 (New Ratings) - Analysts at Robert W Baird reiterate their "outperform" rating on Offshore Logistics Inc (OLG). The target price is set to $28.

In a research note published this morning, the analysts mention that Offshore Logistics reported its FQ4 EPS significantly ahead of the estimates and the consensus. The upside was driven by the impressive performance of the Bristow and AirLogistics segments and a low tax rate during the quarter, the analysts say. The current valuation of the company's stock is attractive, Robert W Baird believes.