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Fly News Breaks for March 27, 2018
CGG
Mar 27, 2018 | 19:00 EDT
As reported earlier, Goldman Sachs analyst Maria-Laura Adurno double-upgraded CGG to Buy from Sell with a price target of EUR2.57. Adumo cites the company's derisked balance sheet after its financial restructuring as well as broader seismic market improvement that is not being priced into the current valuation. The analyst anticipates earnings momentum and positive free cash flow generation over the next two years.
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