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Fly News Breaks for August 13, 2015
RDC, ORIG, ESV, DO, ATW
Aug 13, 2015 | 05:14 EDT
Barclays analyst J. David Anderson downgraded Atwood Oceanics (ATW) to Underweight saying offshore spending is likely to decline again in 2016. He cut his price target for shares to $18 from $27. The analyst sees further downside in Offshore Drillers despite the group declining 30% on average since he initiated coverage on June 11. Anderson also cut his price target on Diamond Offshore (DO) to $18 from $23, on Ensco (ESV) to $19 from $26, Ocean Rig UDW (ORIG) to $3 from $5 and Rowan Companies (RDC) to $17 from $21.
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