Global Hunter Securities Upgrades Rowan Companies (RDC) to Buy; Continuing With The Turf to Surf Theme
RDC Hot Sheet
Rating Summary:16 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Global Hunter Securities upgraded Rowan Companies (NYSE: RDC) from Accumulate to Buy, price target raised from $36 to $46.
Analyst Brian Uhlmer says, "With capital rotating out of the onshore names into offshore, where the macro outlook is decisively better, we expect RDC to be a beneficiary as investors flock to high-spec assets where rates continue to eclipse our leading edge rates, as demonstrated in yesterday's fleet status report."
Estimates: 2012 drops to $2.86 (-18c, -6%) and 2013 increases to $3.81 (+58c, +18%).
For an analyst ratings summary and ratings history on Rowan Companies click here. For more ratings news on Rowan Companies click here.
Shares of Rowan Companies closed at $36.76 yesterday, with a 52 week range of $28.13-$44.83.
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Analyst Brian Uhlmer says, "With capital rotating out of the onshore names into offshore, where the macro outlook is decisively better, we expect RDC to be a beneficiary as investors flock to high-spec assets where rates continue to eclipse our leading edge rates, as demonstrated in yesterday's fleet status report."
Estimates: 2012 drops to $2.86 (-18c, -6%) and 2013 increases to $3.81 (+58c, +18%).
For an analyst ratings summary and ratings history on Rowan Companies click here. For more ratings news on Rowan Companies click here.
Shares of Rowan Companies closed at $36.76 yesterday, with a 52 week range of $28.13-$44.83.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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