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Fly News Breaks for October 26, 2016
SPN
Oct 26, 2016 | 10:20 EDT
Morgan Stanley analyst Ole Slorer said Superior Energy posted a substantial Q3 miss due to Gulf of Mexico weakness and onshore compression. He believes expectations have been substantially reset and make near-term numbers more attainable. Slorer thinks the Street is underestimating cycle upside in Superior and views the recent share weakness as a buying opportunity. The analyst rates Superior Energy an Overweight and has a $25 price target on shares.
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