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Fly News Breaks for August 16, 2016
PTEN
Aug 16, 2016 | 07:36 EDT
BofA/Merrill analyst Timna Tanners upgraded Patterson-UTI to Neutral and raised its price target to $22 from $21 following an upgrade of the Energy Sector to Overweight by the commodity strategist team. Tanners said Patterson-UTI shares have lagged peers and expects a recovery in its land rig business in 2017.
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