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Analysts’ Revisions for Offshore Drilling Stocks

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Week 12

None of the analysts revised their recommendation or target prices for offshore drilling stocks in week 12.

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Week 11

In week 11, Credit Suisse gave Ensco (ESV) a “neutral” rating and a target price of $8. Credit Suisse gave Rowan Companies (RDC) a “neutral” rating with a target price of $13. Diamond Offshore (DO) got a “neutral” rating with a target price of $14.

Week 10

In Week 10, UBS reduced Rowan Companies’ target price to $17 from $18. UBS reduced Ensco’s target price to $7.50 from $8.

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Revisions in week 9

Jefferies reduced Ensco’s target price to $5 from $6. Susquehanna reduced Ensco’s target price to $5 from $7. Wells Fargo cut Rowan Companies’ target price to $12 from $16 and maintained a “market perform” rating. Susquehanna reduced RDC’s target price to $13 from $16 and maintained a “hold” rating. RBC reduced RDC’s target price to $14 from $16 and maintained a “sector perform” rating. Deutsche Bank cut RDC’s target price to $13 from $15 and maintained a “hold” rating. Evercore reduced its target price to $14 from $16 and maintained an “outperform” rating on RDC.

Revisions in week 8

Jefferies revised its target price for two offshore drillers. On February 21, 2018, Jefferies reduced Transocean’s (RIG) target price to $12 from $13 and maintained a “buy” rating for the stock. Jefferies also reduced the target price for Noble (NE) to $5 from $6 and maintained a “buy” rating. Wells Fargo also reduced Noble’s target price to $4 from $5.

To learn about analysts’ revisions for week 7, read Jefferies Revises Target Prices for Diamond Offshore and Noble.

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