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Merrill Lynch&Co Inc Oil Srvc HOLDRS Tr (NYSE:OIH) was upgraded by stock analysts at Credit Suisse to an “overweight” rating in a report issued on Wednesday.

Shares of Merrill Lynch&Co Inc Oil Srvc HOLDRS Tr (NYSE:OIH) opened at 55.07 on Wednesday. Merrill Lynch&Co Inc Oil Srvc HOLDRS Tr has a one year low of $41.19 and a one year high of $55.29. The stock’s 50-day moving average is $52.83 and its 200-day moving average is $49.34. Merrill Lynch&Co Inc Oil Srvc HOLDRS Tr also was the target of unusually large options trading activity on Tuesday. Investors purchased 5,311 put options on the stock. This represents an increase of approximately 290% compared to the typical daily volume of 1,363 put options.

Market Vectors Oil Services ETF (NYSE:OIH) is a non-diversified investment company.

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