RigNet (RNET) Misses Q4 EPS by 9c
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Jefferies Expects Headwinds to Continue for RigNet (RNET); Cuts Price Target to $16
March 2, 2016 10:03 AM ESTJefferies maintained a Buy rating on RigNet, Inc. (NASDAQ: RNET), and cut the price target to $16.00 (from $29.00), following the company's 4Q. Despite RNET's financial results coming in ahead of expectations, Jefferies is expecting cold stacking and scrapping of rigs to continue into 2016.
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