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Fly News Breaks for January 12, 2016
Jan 12, 2016 | 07:11 EDT
Stephens analyst Matthew Marietta upgraded C&J Energy to Equal Weight from Underweight as he believes the shares are now better reflecting the risks facing the company after pulling back to below $3.50 per share. However, Marietta removed his price target on the stock as he still sees the potential for CJES to breach covenants, possibly as early as in the second quarter.
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