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Fly News Breaks for September 1, 2015
PTEN
Sep 1, 2015 | 07:15 EDT
Wells Fargo downgraded Patterson-UTI to Market Perform and cut its rating on the Land Drilling sector to Market Weight from Overweight. The firm believes weakness in the global oil market is likely to persist into 2016 and lowered its price target range for shares to $15-$19 from $22.50-$25.
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