Zacks Investment Research upgraded shares of EDGEN GROUP (EDG) from UNDERPERFORM to NEUTRAL on November 01, 2012, with a target price of $7.80.
Edgen Group Inc. operates as a distributor of specialty products to the energy sector, including steel pipe, valves, quenched and tempered and high yield heavy plate, and related components. It primarily serves customers that operate in the upstream, midstream, and downstream end markets for oil and natural gas. Edgen also serves power generation, civil construction and mining applications. The Company also engages in the co-ordination of third-party services, such as coating, cutting, finishing, and material testing. Edgen Group Inc. is headquartered in Baton Rouge, Louisiana.
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