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Fly News Breaks for October 10, 2019
APY
Oct 10, 2019 | 06:04 EDT
Piper Jaffray analyst Ian Macpherson downgraded Apergy to Neutral from Overweight with a price target of $27, down from $36. The analyst moved his Q3 estimate toward the low end of the company's guidance based on the "sharper decline" in the lower 48 states. Although artificial lift has been a relatively resilient pocket within domestic oilfield servics, it won't be immune from the intensifying activity headwinds, Macpherson tells investors in a research note.
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