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Fly News Breaks for May 23, 2019
PKD
May 23, 2019 | 05:11 EDT
Imperial Capital analyst Jason Wangler raised his price target for Parker Drilling to $34 from $25 and maintains an Outperform rating on the shares. With higher EBITDA levels and the company's focus on spending on short-cycle, quick payback opportunities, along with an "opportunistic" outlook for acquisitions given its "strong" balance sheet, Parker should continue to exhibit growth in the current environment, Wangler tells investors in a research note.
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