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Fly News Breaks for July 10, 2015
CAM
Jul 10, 2015 | 06:43 EDT
RBC Capital upgraded Cameron to Outperform and raised its price target to $65 from $55. Firm said Cameron's diversified business mix is performing better than expectations and sees upside to 2016/2017 consensus estimates. RBC Capital said the Subsea and Surface businesses are driving 2015 business and should allow the company to generate healthy free cash flow through 2017. The firm expects Q1 to mark a bottom in total orders and for shares to work higher.
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