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Subsea 7 downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital analyst Victoria McCulloch downgraded Subsea 7 (SUBCY) to Sector Perform from Outperform with a price target of NOK 230, up from NOK 225. The firm says the shares are trading at record levels while it remains cautious about the macroeconomic outlook.

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