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Fly News Breaks for September 4, 2019
PDS
Sep 4, 2019 | 07:25 EDT
TD Securities analyst Aaron MacNeil upgraded Precision Drilling to Action List Buy from Buy citing his "high degree of confidence" that his Street-low EBITDAS estimate can be met or exceeded, as long as a severe reduction in commodity prices does not occur. Precision has the highest estimated 2020 free-cash-flow yield among the firm's energy sector coverage, presenting "an unrivalled value opportunity," MacNeil tells investors. However, he lowered his price target for Precision shares to C$4.50 from C$5.00.
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