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Key Energy (KEG +1.2%) is reiterated with a Buy rating, albeit with a lower target of $10 from...

Key Energy (KEG +1.2%) is reiterated with a Buy rating, albeit with a lower target of $10 from $11, at Deutsche Bank despite a poor Q1 in both the U.S. and international businesses. With the U.S. bottoming and Mexico representing ~10% of the business, the firm sees the stock's 17% decline as excessive; KEG also should be among the earlier beneficiaries of a recovery in gas activity.
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