Citigroup (NYSE:C) Boosts PT on Cameron International (NYSE:CAM)

Cameron International (NYSE:CAM), which provided the blowout preventer for BP (NYSE:BP) in the Macondo oil well disaster in the Gulf of Mexico, had its price target boosted by Citigroup (NYSE:C).

Citigroup also has a higher EPS estimate on Cameron for 2011, seeing it at $2.75, versus consensus of $2.74. They're also higher with their EPS estimate for 2012, projecting it to be $3.40, versus consensus of $3.35 a share.

Cameron manufactures equipment used in the gas and oil industry.

Cameron International closed Thursday at $56.99, up $0.91, or 1.62 percent. Citigroup maintains their "Hold" rating on Cameron, while raising their price target on the company from $54 to $58.