Macquarie on Offshore Drillers: Upgrades HERO & DO, Downgrades NE
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Price: $27.26 +1.15%
Rating Summary:
3 Buy, 8 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
3 Buy, 8 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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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
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