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Plummeting oil prices have roiled stocks tied to deepwater offshore drilling projects, but RigNet (RNET) is well-positioned to ride out the industry’s downturn, says Macquarie Research, which initiated coverage on RigNet stock with a neutral rating. Macquarie analyst Walt Chancellor set a price target of 45 on RigNet stock. Shares of Houston-based RigNet are down 5% in 2014 even after rising 5% on Monday after the company announced an acquisition Scalper1 News
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