| 2016-10-05 16:50:40|
PKD 16:50 10/05 10/05/16
Parker Drilling initiated with a Buy at DA Davidson
DA Davidson analyst Sonny Radnhawa initiated Parker Drilling with a Buy and a $3.50 price target. The analyst believes investors are overlooking its earlycycle exposure to the domestic tool rental market and shallow-water barge market and said the rental business is among the best positioned for the next upcycle.