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Fly News Breaks for January 28, 2016
SDRL
Jan 28, 2016 | 06:40 EDT
Morgan Stanley analyst Ole Slorer downgraded Seadrill to Equal Weight and lowered its price target to $2.50 from $12. Slorer sees Seadrill's high debt profile in a prolonged offshore rig market downturn leading to a likely balance sheet restructuring.
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