Bristow Group Inc. (NYSE:BRS) has its rating upgraded by Credit Suisse (NYSE:CS) from "Neutral" to "Outperform," citing valuation as the primary catalyst.
Also noted was the visibility of growth for full year 2012 and full year 2013, and options related to major new contract opportunities in Brazil and the UK.
Bristow Group Inc. supplies helicopter services to the offshore energy industry around the world. Its helicopters are, for the most part, used to transport personnel between onshore bases and offshore platforms, drilling rigs, and installations, as well as to transport equipment to offshore locations.
Bristow was trading at $43.43, gaining $0.61, or 1.42 percent, as of 2:45 PM EDT.
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