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Fly News Breaks for October 29, 2018
NOV
Oct 29, 2018 | 07:29 EDT
RBC Capital analyst Kurt Hallead lowered his price target on National Oilwell to $43 and kept his Sector Perform rating. The analyst said that while the company is "well positioned to maximize the need for the drilling contractors and frac service companies to upgrade, enhance, rebuild, and restock", it will also have to "navigate the frac equipment drag and impact of higher steel costs."