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Fly News Breaks for September 18, 2018
DRQ
Sep 18, 2018 | 16:58 EDT
Morgan Stanley analyst Connor Lynagh initiated Dril-Quip with an Underweight rating and a price target of $50 as part of his broader research note on Oil Services Drilling/Equipment industry. The analyst sees the company's valuation "implying a highly optimistic offshore activity rebound", adding that its improving profitability as part of a cyclical rebound appears to be well priced in.
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