Oceaneering price target lowered to $22 from $24 at Barclays

Barclays lowered the firm’s price target on Oceaneering (OII) to $22 from $24 and keeps an Underweight rating on the shares. The company posted in-line Q3 results and despite lowering fiscal 2024 EBITDA guidance, the preliminary 2025 EBITDA guidance implies growth of 20% at the midpoint, the analyst tells investors in a research note.