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Fly News Breaks for September 21, 2015
KEG
Sep 21, 2015 | 06:50 EDT
Iberia downgraded Key Energy to Sector Perform and lowered its price target to 85c from $1.50. Analyst Robert MacKenzie said Key Energy received a notice of listing non-compliance, and expects the stock to be delisted in Q1 2016. MacKenzie expects the company to survive the downturn given its strong balance sheet and expects the company to cut back spending considerably.
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