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Fly News Breaks for April 8, 2019
Apr 8, 2019 | 05:06 EDT
Imperial Capital analyst Jason Wangler started Parker Drilling with an Outperform rating and $20 price target. The company's improved balance sheet and cash position should allow it to take advantage of growth opportunities in the Rental Tools segment, Wangler tells investors in a research note. He believes this could lead to "material" EBITDA growth in the coming quarters. The analyst finds Parker Drilling shares a "compelling value at recent levels."
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