Jesup & Lamont Upgrades Diamond Offshore Drilling (DO) to Buy
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Jesup & Lamont upgrades Diamond Offshore Drilling (NYSE: DO) to Buy from Hold.
Jesup analyst says, "We are raising our rating to BUY based on the increased earnings outlook, an improving jackup market, new 2011 estimates, and continued demand for deepwater assets...We are raising our 2009 earnings estimate to $10.30 per share from $9.90 per share. We are raising our 2010 earnings estimate to $9.35 per share from $9.15 per share. We are introducing a new 2011 earnings estimate of $10.50 per share."
To see more analyst ratings on DO Click Here.
Diamond Offshore Drilling, Inc. operates as an offshore oil and gas drilling contractor worldwide.
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