RigNet (RNET) Tops Q3 EPS by 1c
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Jefferies Raises Price Target on RigNet (RNET) to $17 Following 3Q
November 9, 2016 7:59 AM ESTJefferies reiterated a Buy rating on RigNet, Inc. (NASDAQ: RNET), and raised the price target to $17.00 (from $14.00), following the company's 3Q earnings report.
Analyst Mike McCormack commented, "Following 3Q earnings, we update estimates to reflect continued rig stacking and ARPU pressures, as... More
