Canaccord Genuity Maintains a 'Hold' on Diamond Offshore (DO); Q3 Beat, but Lower Q4 Expected
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Price: $13.99 --0%
Rating Summary:
8 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 19
Rating Summary:
8 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 19
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Canaccord Genuity maintains a 'Hold' on Diamond Offshore (NYSE: DO) price target of $66.00.
Canaccord analyst, Scott Burk, said, "Diamond beat Q3 expectations with less downtime and lower expenses. The outlook for most rig classes continues to improve with positive implications for our estimates, but DO remains the most expensive offshore driller based on forward earnings."
For more ratings news on Diamond Offshore click here and for the rating history of Diamond Offshore click here.
Shares of Diamond Offshore closed at $61.72 yesterday.
Canaccord analyst, Scott Burk, said, "Diamond beat Q3 expectations with less downtime and lower expenses. The outlook for most rig classes continues to improve with positive implications for our estimates, but DO remains the most expensive offshore driller based on forward earnings."
For more ratings news on Diamond Offshore click here and for the rating history of Diamond Offshore click here.
Shares of Diamond Offshore closed at $61.72 yesterday.
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