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Fly News Breaks for October 23, 2015
CAM
Oct 23, 2015 | 06:37 EDT
Raymond James downgraded Cameron (CAM) to Market Perform following the Q3 report. Analyst J. Marshall Adkins said subsea bookings were significantly weaker, implying weakening demand and a leading indicator of overall subsea demand. Additionally, Adkins said shares are trading within 3.5% of its merger price with Schlumberger (SLB).
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