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Fly News Breaks for September 12, 2019
MRC
Sep 12, 2019 | 07:54 EDT
Cowen analyst Marc Bianchi downgraded MRC Global following its lowered Q3 revenue guidance and comments from the company that their previous guidance can longer be relied upon. The analyst said the company will continue its cost reduction programs but his current price targets no longer have sufficient upside. Bianchi has a $14 price target on MRC Global shares.
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