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Fly News Breaks for July 10, 2019
PTEN, HAL, HP, SLB, SPN
Jul 10, 2019 | 07:19 EDT
Susquehanna analyst Charles Minervino downgraded Superior Energy (SPN) to Neutral from Positive and lowered his price target to $1.50 from $7. In a research note to investors, Minervino says he remains Neutral on Superior until there is better clarity on a resolution to its $1.3B of debt overhang, and recommends being weighted toward large-cap, generally more diversified stocks like Schlumberger (SLB), Helmerich & Payne (HP), Halliburton (HAL) and Patterson-UTI (PTEN).