Dublin, Nov 03, 2009 (M2 PRESSWIRE via COMTEX News Network) -- 3 November 2009 - Morgan Stanley upgraded today its recommendation on
Oslo-listed oil service company Acergy SA (OSL: ACY) to "overweight"
from "underweight" and on sector player Subsea 7 Inc (OSL: SUB) to
"overweight" from "equalweight".
At the same time, the broker raised the share price target on Acergy to
NOK101 from NOK77 and on Subsea 7 to NOK114 from NOK87.
By 09:19 CET on Tuesday, the share in Acergy had added 0.83% to
NOK72.60 on the Oslo Stock Exchange and by 09:21 CET the stock in
Subsea 7 had climbed up 1.59% to NOK 82.85.
(EUR1 = NOK8.5)
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