Stifel Raises Civeo Price Target 18% to $33 on Lodging Outlook
Analyst firm Stifel boosted Civeo’s 12-month price target by 18% to $33 from $28, reflecting stronger outlook for its workforce lodging segment. This raise follows recent stabilization in occupancy rates and improved contract renewals in Australia and North America.
1. Analyst Price Target Upgrade
Stifel increased its 12-month price target for Civeo from $28 to $33, representing an 18% uplift. The firm cited improving occupancy and contract renewal trends in both Australian and North American workforce lodging operations as key drivers behind the upgrade.
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