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Fly News Breaks for March 28, 2016
ESV
Mar 28, 2016 | 07:45 EDT
As reported previously, Susquehanna downgraded Ensco to Negative from Neutral. The firm noted the recent rally in offshore driller stocks, but continues to see the group being challenged over the next few years even if crude prices recover to a point where drilling activity resumes in the next 12-18 months. Susquehanna maintains its $8 price target on Ensco shares.
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