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Subsea 7 downgraded to Underperform from Hold at Jefferies » 09:22
03/30/20
03/30
09:22
03/30/20
09:22
SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

Jefferies analyst Mark…

Jefferies analyst Mark Wilson downgraded Subsea 7 to Underperform from Hold with a price target of NOK 40, down from NOK 105. He sees spot work and awards being cancelled or deferred as the major revenue risk for Oil Service companies overall and for Subsea in particular, Wilson tells investors.

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Subsea 7 upgraded to Buy from Neutral at BofA » 07:17
03/30/20
03/30
07:17
03/30/20
07:17
SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

BofA analyst Vlad…

BofA analyst Vlad Sergievskiy upgraded Subsea 7 to Buy from Neutral.

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Morgan Stanley prefers Oil Services names with balance sheet strength, backlog » 06:54
03/18/20
03/18
06:54
03/18/20
06:54
DDRLF

Maersk Drilling

$0.00 /

+ (+0.00%)

, PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

, SAPMY

Saipem

$0.00 /

+ (+0.00%)

, SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

Morgan Stanley analyst…

Morgan Stanley analyst Lillian Starke downgrades Maersk Drilling (DDRLF) to Equal-Weight from Overweight and PGS (PGSVY) to Underweight from Equalweight while also upgrading Saipem (SAPMY) to Equal Weight from Underweight and Subsea 7 (SUBCY) to Overweight from Equal Weight as part of a broader research note on Oil Services. With oil prices estimated to range at $30-$35 this year and only recover to $40-$45/brl next year, she sees upstream spending falling 13-14% through 2021. The analyst prefers names with greater balance sheet strength and backlog visibility, recommending that investors overall are likely to limit exposure to the sector.

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Subsea 7 upgraded to Overweight from Equal Weight at Morgan Stanley » 06:37
03/18/20
03/18
06:37
03/18/20
06:37
SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

Morgan Stanley analyst…

Morgan Stanley analyst Lillian Starke upgraded Subsea 7 to Overweight from Equal Weight with a NOK 65 price target.

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Vallourec and PGS cut, Subsea 7 and Petrofac upgraded at Goldman Sachs » 21:04
03/16/20
03/16
21:04
03/16/20
21:04
PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

, VLOUF

Vallourec

$0.00 /

+ (+0.00%)

, SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

, POFCY

Petrofac

$0.00 /

+ (+0.00%)

, CGGYY

CGG

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Sahar Islam downgraded Vallourec (VLOUF) and PGS (PGS) to Neutral and Sell respectively while upgrading Petrofac (PGSVY) and Subsea 7 (SUBCY) to Buy. The analyst sees a worsening macro environment and weak oil prices impacting the services supply chain, though the current downturn is not coming off an inflationary boom but rather reflects the capex downside. The analyst prefers offshore/international exposure over US shale and has a positive view ON Petrofac's Middle East Exposure along with Subsea's good backlog coverage. Islam is turning more cautious on Vallourec given its relatively higher exposure to U.S. onshore. The analyst is also noting greater risk for PGS with added downside for vessel owners as they may be a drain on cash. The analyst is also removing CGG (CGGYY) from Conviction List but retains his Buy rating as the company has also completed its move to asset light from asset heavy by completing the vessel disposal earlier this year.

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Subsea 7 upgraded to Buy from Neutral at Goldman Sachs » 19:48
03/16/20
03/16
19:48
03/16/20
19:48
SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Sahar Islam upgraded Subsea 7 to Buy from Neutral.

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Subsea 7 upgraded to Neutral from Underperform at BofA » 05:32
03/04/20
03/04
05:32
03/04/20
05:32
SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

BofA upgraded Subsea 7 to…

BofA upgraded Subsea 7 to Neutral from Underperform.

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Subsea 7 downgraded to Neutral from Buy at Goldman Sachs » 05:06
01/21/20
01/21
05:06
01/21/20
05:06
SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

, SAPMY

Saipem

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Sahar Islam downgraded Subsea 7 (SUBCY) to Neutral from Buy with a price target of NOK 136, up from NOK 132. The analyst sees more upside in shares of Saipem (SAPMY) and prefers to play the offshore recovery through that company.

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Subsea 7 upgraded to Overweight from Underweight at JPMorgan » 06:38
12/11/19
12/11
06:38
12/11/19
06:38
SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

JPMorgan analyst James…

JPMorgan analyst James Thompson upgraded Subsea 7 to Overweight from Underweight with a NOK 128 price target. The analyst sees see potential for the start of a broader recovery for oilfield services led by gas and deepwater "into the 2020s."

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Subsea 7 downgraded to Hold from Buy at DNB Markets » 05:32
10/16/19
10/16
05:32
10/16/19
05:32
SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

DNB Markets analyst…

DNB Markets analyst Martin Karlsen downgraded Subsea 7 to Hold from Buy with a price target of 90 kroner. The analyst sees deterioration in the market for pipelay support vessels, and believes this is being underappreciated by the market.

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