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Fly News Breaks for October 12, 2015
TDW
Oct 12, 2015 | 09:21 EDT
Argus cut its price target on Tidewater as the firm expects the company's profits to "remain at a cyclical low" over the next two years. However, the firm notes that the company has a 6% dividend yield, and it believes that the dividend is secure. Argus thinks the company's growth can rebound when the industry's performance improves. It keeps a Buy rating on the shares.
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