Fly News Breaks for June 4, 2019
Jun 4, 2019 | 16:46 EDT
Wolfe Research analyst Blake Gendron double upgraded Superior Energy to Outperform from Underperform. The analyst also lowered his price target on shares to $3.50 from $4. Gendron sees "upside to the multiple on a frac divestiture that would alleviate debt concerns," but added that "the fate of the stock ultimately rests on its near-term ability to demonstrate sustainable free cash flow."
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