| 2018-03-28 05:42:09|
SUBCY 05:42 03/28 03/28/18
Subsea 7 downgraded to Hold from Buy at Jefferies
Jefferies analyst Mark Wilson downgraded Subsea 7 to Hold and lowered his price target for the shares to NOK 110 from NOK 150. The analyst reduced his 2018 EBITDA margin estimates to reflect market pricing pressure.