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Company: Cameron International Corporation (CAM)
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  Jefferies Issues Buy on CAM

Jefferies & Co. set a $57 price target on shares of Cameron International Corporation. In a message to clients, Jefferies wrote, "Sentiment seems to be that CAM's 2011 guidance will be lackluster in relation to expectations. While guidance is hard to pinpoint, we have already modeled a drop in subsea revenue in 2011 (down about 10% YoY) but we do expect subsea order flow to gain momentum. We would be aggressive buyers of the shares on any weakness."

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