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Fly News Breaks for May 9, 2019
PKD
May 9, 2019 | 05:27 EDT
Imperial Capital analyst Jason Wangler raised his price target for Parker Drilling Company to $25 from $20 citing the company's better than expected revenue and EBITDA in Q1. The company's U.S. Rental Tools and International & Alaska Drilling segments are showing "strong growth," Wangler tells investors in a research note. He reiterates an Outperform rating on Parker Drilling.
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