From Briefing.com:
The Good, the Bad, and the incredibly UGLY!
Oil Sector: along with Lehman Brothers reducing its 1999 oil price forecast due to OPEC failure to agree on additional production cuts, firm also downgrades OMNI Energy Services (OMNI 8 1/4 -1/8), UTI Energy Corp (UTI 7 1/2 -1/2), Grey Wolf Inc (GW 1 -1/16), R&B Falcon Corp (FLC 8 5/8 -1/2), Rowan Cos. (RDC 9 3/4 -5/16), Global Marine (GLM 8 7/8 -3/16), and Diamond Offshore Drilling (DO 22 1/4 -9/16) from "buy" to "neutral" ratings; Transocean Offshore (RIG 24 5/8 -5/8), and Key Energy Group (KEG 5 7/16 -1/2) from "buy" to "outperform" ratings and Baker Hughes (BHI 17 1/8 -5/8), Carbo Ceramics (CRBO 19 1/4 -5/8) and Schlumberger Ltd (SLB 41 3/4 -1 5/16) from "outperform" to "neutral".....
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