Capital One Southcoast Downgrades Tidewater (TDW) to Neutral; Lowers PT & Estimates
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Capital One Southcoast downgrades Tidewater (NYSE: TDW) from Add to Neutral. Lowers price target from $60 to $51.
Capital One analyst says, "We believe TDW's stock will still face an uphill battle as West Africa and Southeast Asia continue to weaken, and there are still a large number of newbuilds to be delivered in an already oversupplied market...Lowering FY10/FY11 TDW ests from $6.30/$5.25 to $5.74/$5.08."
To see more analyst ratings on TDW Click Here.
Tidewater Inc., through its subsidiaries, provides offshore supply vessels and marine support services to the offshore energy industry through the operation of fleet of offshore marine service vessels.
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