RPC, Inc. was downgraded from Hold to Sell, and the broker cut its target from $6 per share to $5 per share. That signals a weaker view of the stock; the report gives no company results pointing the other way.
This is the broker’s view, not a report of falling sales or profits. Still, its lower target and Sell rating point to weaker expected share performance. The report gives no operating results or favorable company news to counter that view.
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