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Fly News Breaks for September 18, 2018
FET
Sep 18, 2018 | 17:03 EDT
Morgan Stanley analyst Connor Lynagh initiated Forum Energy with an Equal Weight rating and a price target of $13 as part of his broader research note on Oil Services Drilling/Equipment industry. The analyst says the company stands to benefit from substantial increase in global activity over the coming years but also points to the company's exposure to "significant downside" in consensus estimates from the expected North America slowdown.
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