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Fly News Breaks for July 10, 2018
PES
Jul 10, 2018 | 06:30 EDT
Jefferies analyst Brad Handler downgraded Pioneer Energy Services to Hold while raising his price target for the shares to $6 from $5. Additional share upside "appears elusive" with the stock up 92% year-to-date, Handler tells investors in a research note. The analyst thinks additional capacity is needed for further stock appreciation, but feels this is challenged by Pioneer Energy's balance sheet.
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