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Why Core Labs Stock Slumped This Week

TheMotleyFool

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Shares of Core Laboratories (NYSE: CLB) had declined 13.3% over the past week as of 3:15 p.m. EDT on Thursday. An analyst downgrade was the main factor weighing on the oil stock.

On Monday, an analyst from Citi downgraded shares of Core Labs from neutral to sell. The analyst also set their price target at $36 per share, still about 15% below the most recent price.

Image source: Getty Images.

Source Fool.com

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