UBS Initiates Coverage on Diamond Offshore (DO) with a Buy

May 15, 2008 7:48 AM EDT

UBS initiates coverage on Diamond Offshore (NYSE: DO) with a Buy. Price target $160.

Diamond Offshore Drilling, Inc. (Diamond Offshore) provides contract drilling services to the energy industry worldwide and is also engaged in deepwater drilling with a fleet of 44 offshore drilling rigs.


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