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Fly News Breaks for May 29, 2018
IO
May 29, 2018 | 08:35 EDT
As previously reported, Janney Capital analyst Akil Marsh started ION Geophysical with a Buy rating and $35 fair value estimate, contending that the stock's valuation is still cheap despite shares having risen considerably over the last year. ION is well positioned to benefit from rising offshore seismic spending and the current share price gives little credit for future Ocean Bottom Seismic revenue, long-term diversification and continued debt reduction, Marsh tells investors.
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