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Fly News Breaks for December 14, 2015
NOV, WFT
Dec 14, 2015 | 08:48 EDT
FBR Capital Thomas Curran argues in a note to investors that Weatherford (WFT) should be "on, if not at the top," of National Oilwell Varco's (NOV) list of targets for "transformative" M&A, noting the potential for material cost synergies, a shift in exposure to land from offshore and the opportunity to augment its completion and production solutions division with such a deal. Curran has an Outperform rating and $55 price target on National Oilwell shares.
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