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Fly News Breaks for February 27, 2015
HERO
Feb 27, 2015 | 06:51 EDT
Deutsche Bank downgraded Hercules Offshore two notches to Sell from Buy saying it sees little equity value left after Saudi Aramco terminated its drilling contract for the Hercules 261. Deutsche says the offshore drilling market continues to deteriorate at an accelerating pace and has a 0c price target for the stock. The stock closed yesterday down 11c to 73c.
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