Tidewater Inc (TDW) PT Raised to $117 at Raymond James

Raymond James analyst James Rollyson raised the price target on Tidewater Inc (NYSE: TDW) to $117.00 (from $75.00) while maintaining a Outperform rating.

The analyst comments "Tidewater finished the year on a solid note with better-than-expected uptime driven by lower-than-anticipated down-for-repair time and drydock days. This enabled a ~6% topping of Street EBITDA estimates to end 2025 with 6% consolidated EBITDA growth on what was supposed to be a flat/down year with white space in global drilling calendars. Free cash flow stole the show with strong 4Q collections from Pemex, driving reported FCF to $426 million and leading to a YE25 cash balance of ~$580 million. 2026 looks to be generally steady, aided in 2H by the impact of the Wilson Sons transaction. Meanwhile, it looks as if the market is shifting from having a little slack to seeing increasing early behaviors suggesting a return to tightness later this year and driving Tidewater’s ability to push dayrates heading into 2027. We reiterate our Outperform rating, with an updated 12-month target price of $117/share."

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