UPDATE: Jefferies Upgrades Oceaneering International as Fundamental Misunderstandings Create Opportunity

In a report published Monday, Jefferies analyst Brad Handler upgraded the rating on Oceaneering International (NYSE: OII ) from Hold to Buy, and reiterated the $95.00 price target. In the report, Jefferies noted, “We believe OII's share pullback reflects a fundamental misunderstanding of its Gulf of Mexico (GoM) exposure and