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PDS

Precision Drilling

$4.61

-0.23 (-4.75%)

07:50
11/29/16
11/29
07:50
11/29/16
07:50

Precision Drilling upgraded to Buy from Hold at Tudor Pickering

  • 29

    Nov

PDS Precision Drilling
$4.61

-0.23 (-4.75%)

06/01/16
06/01/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nike (NKE) downgraded to Neutral from Buy at BofA/Merrill and to Equal Weight from Overweight at Morgan Stanley. Morgan Stanley analysts led by Jay Sole saying the U.S. athletic apparel category has weakened and competition is increasing and BofA/Merrill analyst Robert Ohmes arguing the he believes Nike is losing share in North American for the first time since 2010 and Under Armour (UA) and adidas are now leading market share growth. 2. Tribune Media (TRCO) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Ryan Fiftal saying shares are up 20% year-to-date but local TV stations have underperformed national and TV comps, skewing risk/reward to the downside. 3. Celgene (CELG) downgraded to Neutral from Buy at BTIG with analyst Dane Leone saying he is unsure of upside to current consensus estimates as the bulk of company sales growth through 2020 is reliant on Revlimid penetrating Non-Hodgkin Lymphoma's, and a number of new promising therapies are under development for B-cell malignancies. 4. Medtronic (MDT) downgraded to Neutral from Buy at BTIG with analyst Sean Lavin basing the downgrade on full valuation and recent operating margin misses that are pressuring forward estimates. 5. Patterson-UTI (PTEN) and Precision Drilling (PDS) downgraded to Underperform from Neutral at Credit Suisse with analyst James Wicklund saying current spot market dayrates will likely fall when incremental rigs go to work. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/16
JEFF
09/06/16
UPGRADE
Target $4.5
JEFF
Hold
Precision Drilling upgraded to Hold from Underperform at Jefferies
Jefferies analyst Brad Handler upgraded Precision Drilling to Hold saying downside risks have narrowed following the recent underperformance of the shares. The analyst raised his price target for the shares to $4.50 from $4.
09/15/16
DADA
09/15/16
INITIATION
Target $5.5
DADA
Buy
Precision Drilling initiated with a Buy at DA Davidson
DA Davidson analyst Sonny Randhawa initiated Precision Drilling with a Buy and a $5.50 price target saying its superior positioning in the deep gas Montney and Duvernay basins and exceptional executions should position it to continue to take share.
10/24/16
SCOT
10/24/16
UPGRADE
SCOT
Sector Perform
Precision Drilling upgraded to Sector Perform from Underperform at Scotiabank
Scotiabank upgraded Precision Drilling to Sector Perform to reflect rising rig count and some pricing power that should drive sentiment.

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