Loews Corporation to Release Second Quarter 2015 Results on August 3
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FBR Capital Lowers Price Target on Diamond Offshore Drilling (DO) Following Bearish Implications
July 2, 2015 8:03 AM EDTFBR Capital reiterates an Underperform rating on Diamond Offshore (NYSE: DO), and cut the price target to $20.00 (from $24.00), due to demand weakness, slashed five-year update, and a drop-off in floating rig removals.
Analyst Thomas Curran commented, "We are lowering our NAV-derived price target from $24... More
