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Fly News Breaks for May 18, 2015
EMES, ATW
May 18, 2015 | 05:57 EDT
Goldman Sachs downgraded Atwood Oceanics to Neutral saying it expects offshore drilling fundamentals to remain "very weak" in the coming years. Goldman prefers U.S. onshore and coupled the downgrade with an upgrade of Emerge Energy (EMES) to Buy. The firm cut its price target for Atwood shares to $27 from $34.
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