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Diamond Offshore (DO -0.2%) is downgraded to Underperform

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Timothy Smith   Friday, 05/08/15 06:24:56 PM
Re: Alpha Investor post# 54
Post # of 68 
Diamond Offshore (DO -0.2%) is downgraded to Underperform from Market Perform with a $24 price target, lowered from $30, at FBR Capital, which says it is significantly reducing its estimates given DO's Q1 earnings as well as an industry floating rig market consensus that not only should utilization and dayrates remain under pressure through 2015, but also that the start of the next up cycle remains unlikely before H2 2016 at the earliest.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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