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Fly News Breaks for August 26, 2015
NOV
Aug 26, 2015 | 08:51 EDT
JPMorgan analyst Sean Meakim said his outlook for offshore has not changed, but that the 24% selloff in National Oilwell shares since the firm's initiation of the stock, along with the company indicating the potential for a bigger deals in the pipeline, makes risks more balanced, prompting him to upgrade the stock to a Neutral rating. In a modest recovery, Meakim notes that he would expect National Oilwell to lag the group's performance.
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