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Fly News Breaks for October 25, 2016
SPN
Oct 25, 2016 | 05:33 EDT
Citi analyst Scott Gruber downgraded Superior Energy Services to Neutral following the company's weaker than expected Q3 results. An equity financed frac acquisition driving shares higher now appears to be a lower probability event, Gruber tells investors in a research note. The analyst cut his price target for the shares to $19 from $22.
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