Rowan Cos. (RDC) Misses Q2 EPS by 6c
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Jefferies Cuts Price Target on Rowan Cos. (RDC) to $18; Reiterates Buy
August 3, 2016 10:03 AM EDTJefferies maintained a Buy rating on Rowan Companies (NYSE: RDC), and cut the price target to $18.00 (from $21.00), following the company's 2Q earnings report.
Analyst Eduardo Royes commented, "Uncertainty was introduced by CIE on their call regarding their intentions for RDC's Reliance drillship added... More
