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Fly News Breaks for June 21, 2017
FI
Jun 21, 2017 | 09:21 EDT
As previously reported, Morgan Stanley downgraded Frank's International to Underweight from Equal Weight and cut its price target to 9 from $13. Analyst Ole Shore Said Frank's International has significant exposure to the Gulf of Mexico, which is taking longer than expected to recover, and believes West Africa is will take time to recovery also.