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Fly News Breaks for September 10, 2018
LBRT
Sep 10, 2018 | 17:08 EDT
Stifel analyst Stephen Gengaro initiated Liberty Oilfield Services with a Buy rating and a price target of $21. The analyst cites the company's "strong balance sheet" and expectations of "robust free cash flow over the next few years" but also warns that a "pause in Permian completions activity over the next few quarters" may result in utilization and pricing headwinds for U.S. pressure pumpers.
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