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Fly News Breaks for September 3, 2015
SLB, CAM
Sep 3, 2015 | 06:49 EDT
Citi analyst Scott Gruber upgraded Cameron (CAM) to Buy to go along with his upgrade of Schlumberger (SLB). With the almost 80% equity component of the takeover agreement, Cameron's shares are now linked to Schlumberger, Gruber tells investors in a research note. He raised his price target for Cameron to $76 from $55, which assumes a 95% probability of deal completion.
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