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Barclays Downgrades Dril-Quip, Says Weak Quarter Is Just The Beginning

Dril-Quip, Inc. , a manufacturer of engineered drilling and production equipment, delivered a weak earnings report Thursday that reflects a concerning new reality for the stock, according to Barclays.

Barclays' J. David Anderson downgraded Dril-Quip from Equal-Weight to Underweight with an unchanged $41 price target. Source

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