DryShips (DRYS) PT Raised to $4 at Imperial Capital

June 24, 2014 8:25 AM EDT
Get Alerts DRYS Hot Sheet
Price: $1.59 --0%

Rating Summary:
    5 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Imperial Capital analyst Andrew Casella reiterated an Outperform rating and boosted his price target on DryShips (NASDAQ: DRYS) to $4.00 (from $2.75).

"Our price target is equal to 18% potential upside, based on the recent share price," Casella comments. "With an improvement in valuation at consolidated Ocean Rig UDW Inc. (ORIG) and prospectively improving dry bulk and tanker day rates, we think the shares are attractively priced."

For an analyst ratings summary and ratings history on DryShips click here. For more ratings news on DryShips click here.

Shares of DryShips closed at $3.40 yesterday.

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