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Fly News Breaks for December 11, 2015
CJES
Dec 11, 2015 | 06:20 EDT
Citi analyst Scott Gruber upgraded C&J Energy to Buy and other names in the space saying investors should buy oil services stocks with exposure to onshore recovery. Higher cost production onshore should grow which requires a significantly higher crude price, Gruber tells investors in a research note. He says his call is "deliberately early." The analyst raised his price target for C&J to $8 from $6.25.
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