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Fly News Breaks for January 2, 2020
CKH
Jan 2, 2020 | 06:17 EDT
Stifel analyst Benjamin Nolan upgraded Seacor to Buy from Hold with a $53 price target. In a research note to investors, Nolan says he believes the current price is compelling and momentum should be improving, adding that following recent weakness, shares are now at a substantial discount to his $53 sum-of-the-parts valuation. With easy comps following record flooding in 2019, positive momentum in a number of business lines, a strong balance sheet to take advantage of potential opportunities and a depressed valuation, Nolan says he believes conditions are now right to be buyers of the shares.
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