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Fly News Breaks for September 25, 2017
DO
Sep 25, 2017 | 06:16 EDT
UBS analyst Angie Sedita upgraded Diamond Offshore and other offshore drillers to Buy citing "early signs of a slow recovery." The analyst believes a bottom has been reached in offshore utilization for both floaters and jackups and that demand will slowly move higher in 2018. She views current valuations in the space as compelling and raised her price target for Diamond Offshore shares to $15 from $12.
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