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Fly News Breaks for December 4, 2015
NE, DO, RIG, ATW
Dec 4, 2015 | 05:40 EDT
Barclays analyst J. David Anderson upgraded Atwood Oceanics (ATW) to Equal Weight citing valuation and keeps an $18 price target for the shares. The analyst, however, remains "extremely cautious" on the Offshore Driller group due to a lack of contracting activity and "massive oversupply" of floaters. He sees the most downside in Transocean (RIG), Diamond Offshore (DO) and Noble Corp. (NE).
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