Argus Downgrades Tidewater Inc (TDW) to Hold
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Price: $91.20 +1.75%
Rating Summary:
8 Buy, 8 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
Rating Summary:
8 Buy, 8 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
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Argus downgraded Tidewater Inc (NYSE: TDW) from Buy to Hold.
The downgrade recent poor performance and expectations for continued weak demand in the offshore drilling market. They continue to expect downward pressure on vessel day rates and margins in the near term.
For an analyst ratings summary and ratings history on Tidewater Inc click here. For more ratings news on Tidewater Inc click here.
Shares of Tidewater Inc closed at $6.54 yesterday.
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