Hunting upgraded by Credit Suisse

Credit Suisse has moved to 'outperform' on Hunting (LON:HTG) - previously rated as 'neutral' - believing the energy services group may be "turning a corner".

The broker added: "Management's focus for the recovery cycle should be on winning business that maximises facility utilisation rather than further expansion.

"Inventory levels may need to be rebuilt to support future growth, but we should see a more cash-generative HTG emerge from this downturn."

Analysts have increased their target price to 575 pence per share (from 500 pence).

At 2:57pm: (LON:HTG) Hunting PLC share price was +13p at 520.5p