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Fly News Breaks for November 20, 2019
RES, NEX
Nov 20, 2019 | 06:54 EDT
Citi analyst Scott Gruber initiated coverage of NexTier Oilfield Solutions (NEX) with a Buy rating and $5.80 price target. The analyst recommends a pair trade of long NexTier, short RPC, Inc. (RES). NexTier appears cheaper on cash flow multiples and net asset value and offers a superior risk/reward, Gruber tells investors in a research note.
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