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Fly News Breaks for August 2, 2017
TNP
Aug 2, 2017 | 07:02 EDT
Wells Fargo downgraded TEN Ltd to Market Perform from Outperform and reduced its price target to $3.25 from $5. Analyst Michael Webber said demand headwinds from OPEC, US production, ect, and Q2 newbuild orders will likely push an industry sustained day rate recovery into 2019.
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