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Fly News Breaks for May 3, 2016
SPN
May 3, 2016 | 06:35 EDT
Citi analyst Scott Gruber upgraded Superior Energy Services to Buy saying the company's strategy shift to potentially expand the frac business could be a "material catalyst" for the shares. A frac acquisition could benefit the current multiple, Gruber tells investors in a research note. He raised his price target for Superior shares to $20 from $14.
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