Diamond Offshore Drilling (DO) Tops Q1 EPS by 5c

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Diamond Offshore (DO) PT Lowered to $15 at Jefferies; Reiterates Hold

May 2, 2017 8:35 AM EDT

Jefferies lowered its price target on Diamond Offshore (NYSE: DO) to $15.00 (from $17.00) while maintaining a Hold rating.

In 2017, Jefferies assumes slightly lower revenues to account for Ocean Patriot's special survey slated for the 4Q.

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