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Fly News Breaks for December 22, 2015
RDC
Dec 22, 2015 | 08:52 EDT
CLSA analyst David Havens downgraded Rowan Companies to Underperform and lowered his price target to $17 from $21 on shares. Havens believes Rowan's free-cash-flow is at risk from increasing deepwater expirations and renegotiations, and disappearing backlog.
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