08:13 ET Solly lowers ratings, targets on oilfield service and
drilling stocks : Salomon Smith Barney is lowering their ratings
and/or price targets on 20 oilfield service and drilling stocks due to
sharper-than-expected Western Hemisphere rig count declines,
resulting in lower Q1 results which are not expected to be made up
during the balance of the year. Please see our Upgrades/Downgrades
page for the specific actions taken on the following co's: BHI, BJS,
CAM, CDIS, CLB, FTI, GRP, HAL, HC, HP, HYDL, NBR, NOI,
OII, PTEN, SII, SLB, UCO, VRC, and WFT.
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