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Fly News Breaks for September 18, 2015
SPN
Sep 18, 2015 | 06:53 EDT
RBC analyst Kurt Hallead downgraded Superior Energy to Sector Perform and lowered his price target to $17 from $25. Hallead's team lowered its 2015/2016 Brent and WTI forecasts and expects a cycle recovery in North America to be pushed out beyond 2016. Given the environment, the analyst sees little upside to Superior Energy's profitability due to lower activity and pricing pressures.
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