Diamond Offshore Drilling (DO) Tops Q3 EPS by 5c, Beats on Revenues

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Diamond Offshore (DO) PT Raised to $15 at Jefferies; Remains Sidelined

October 31, 2017 8:59 AM EDT

Jefferies raised its price target on Diamond Offshore (NYSE: DO) to $15.00 (from $14.00) while maintaining a Hold rating. To the extent offshore drilling sentiment fades, DO's deep discount on 2018-19 should make it resilient.

DO needs only to continue to chip away at... More