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Fly News Breaks for November 6, 2018
DO
Nov 6, 2018 | 09:05 EDT
Susquehanna analyst Charles Minervino lowered his Q4 estimates for Diamond Offshore to reflect the company's November fleet status report and incorporating his latest dayrate and cost assumptions. Minervino maintained his Neutral rating and lowered his price target to $16 from $21 on Diamond Offshore shares. He said despite his downward revisions, he remain encouraged by the company's ability to secure floating contract durations that are well above recent contract lengths.
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