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Fly News Breaks for November 20, 2018
KEG
Nov 20, 2018 | 06:10 EDT
Piper Jaffray analyst John Daniel last night downgraded Key Energy Services to Neutral from Overweight and lowered his price target for the shares to $10 from $14.50. The analyst reduced his estimates for the company following the Q3 earnings miss and "somber" Q4 commentary. Key's comments are acknowledgement of lost market share as well as soft utilization, Daniel tells investors in a research note.
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