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Fly News Breaks for January 6, 2020
Jan 6, 2020 | 09:00 EDT
Raymond James analyst Praveen Narra upgraded RPC, Inc. to Outperform from Market Perform with a $7 price target. In a research note to investors, Narra says RES still has several attractive investment characteristics, namely an unburdened balance sheet, and a strong shareholder return resume, but with the recent cut to its fleet, he expects RPC to have the lowest CapEx/fleet in 2020 in the industry. As such, the analyst says RPC will not need to tap into its credit facility, and will likely generate significant
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