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Fly News Breaks for June 4, 2019
SPN
Jun 4, 2019 | 06:39 EDT
JPMorgan analyst Sean Meakim upgraded Superior Energy Services to Neutral from Underweight without a price target. The analyst still has concerns even with the stock down 70% in the past six weeks, but he believes Superior "has outs that are clearer to see today." The company is acutely focused on generating cash and asset sales are possible, which will help its debt extensions, Meakim tells investors in a research note. He sees the stock as "more balanced" at current levels.
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