Franks International (FI) Raises Quarterly Dividend 100% to $0.15; 2.6% Yield

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Global Hunter Securities Downgrades Frank's International (FI) to Accumulate

August 11, 2014 9:32 AM EDT

Global Hunter Securities downgraded Frank's International (NYSE: FI) from Buy to Accumulate with a price target of $23.00 (from $29.00).

Analyst Mark Brown said, "We continue to view FI as a key beneficiary of the secular trends toward the development of deeper and more complex offshore wells thanks to its... More