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Fly News Breaks for August 24, 2015
RES, SLCA, CJES, SSE
Aug 24, 2015 | 07:38 EDT
SunTrust downgraded several names in the oilfield services sector to Neutral from Buy, citing a 31% reduction in its U.S. onshore rig count forecast. The stocks downgraded by the firm were Seventy Seven Energy (SSE), C&J Energy (CJES), U.S. Silica (SLCA), and RPC, Inc. (RES). Target on U.S. Silica to $20 from $29, on RPC to $9 from $15, on C&J to $4 from $11 and on Seventy Seven to $2.50 from $4.50.
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