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Fly News Breaks for October 12, 2017
HLX
Oct 12, 2017 | 08:32 EDT
Helix Energy shares have risen almost 20% since The Wall Street Journal reported that the company is exploring strategic alternatives, but Morgan Stanley analyst Ole Slorer believes the shares still have "meaningful upside," estimating that its assets and backlog make it worth at least $11 per share. Slorer has raised the firm's price target on the stock to $11 from $8 given the analysis and keeps an Overweight rating on the stock.
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