Seeking Alpha

C&J Energy (CJES -2.7%) is downgraded to Neutral from Buy with a $22 price target (from $28)...

C&J Energy (CJES -2.7%) is downgraded to Neutral from Buy with a $22 price target (from $28) at Goldman Sachs, which cites increased E&P focus on cost controls resulting in more commodity-type pressure pumping jobs than those suited to CJES' competitive strengths, resulting in lower than forecast equipment utilization.
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