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Fly News Breaks for April 27, 2016
NOV
Apr 27, 2016 | 07:56 EDT
Morgan Stanley analyst Ole Slorer upgraded National Oilwell two notches to Overweight from Underweight saying negative catalysts are played out with the dividend cut and Sete's bankruptcy filing. The analyst said lack of further negative catalysts, a strong balance sheet, and a trough in Q2 make National Oilwell a top contrarian pick. Slorer raised his price target to $45 from $39 on shares.
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