Macquarie on Offshore Drillers: Upgrades HERO & DO, Downgrades NE
Tweet
Share
E-mailGet Alerts HERO Hot Sheet
Price: $27.40 +0.33%
Rating Summary:
3 Buy, 8 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 8 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Macquarie upgraded two offshore drillers that it had negative sentiment toward today.
Hercules Offshore (Nasdaq: HERO), which has more than doubled since Oct. 2011, was bumped from Underperform to Neutral. The price target was raised from $3.75 to $5.25. (HERO is trading higher by 1.4% to $5.11).
To see more ratings on HERO, Click Here
Diamond Offshore (NYSE: DO) has risen almost 40% since Dec. 2011, was also upgraded from Underperform to Neutral. Price target raised from $58 to $65. (Shares are down 1.8% today to $70.66)
To see more ratings on DO, Click Here
Macquarie, however, downgraded Noble Corp (NYSE: NE) from Outperform to Neutral. Shares of NE have moved up about 30% since the beginning of 2012. The firm maintained its $39 price target. (shares are down 2.8% today to $39.85)
To see more ratings on NE, Click Here
Hercules Offshore (Nasdaq: HERO), which has more than doubled since Oct. 2011, was bumped from Underperform to Neutral. The price target was raised from $3.75 to $5.25. (HERO is trading higher by 1.4% to $5.11).
To see more ratings on HERO, Click Here
Diamond Offshore (NYSE: DO) has risen almost 40% since Dec. 2011, was also upgraded from Underperform to Neutral. Price target raised from $58 to $65. (Shares are down 1.8% today to $70.66)
To see more ratings on DO, Click Here
Macquarie, however, downgraded Noble Corp (NYSE: NE) from Outperform to Neutral. Shares of NE have moved up about 30% since the beginning of 2012. The firm maintained its $39 price target. (shares are down 2.8% today to $39.85)
To see more ratings on NE, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan Downgrades Limbach Holdings (LMB) to Underweight
- Deutsche Bank Downgrades Straumann Holding AG (STMN:SW) (SAUHF) to Hold
- Deere (DE) PT Raised to $585 at JPMorgan
Create E-mail Alert Related Categories
Downgrades, UpgradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
