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Fly News Breaks for May 22, 2019
May 22, 2019 | 06:04 EDT
Piper Jaffray analyst Ian Macpherson upgraded Diamond Offshore to Neutral from Underweight while lowering his price target for the shares to $8.75 from $9.40. The analyst believes the stocks's relative valuation has "sufficiently converged" and is now in-line with peers. As such, he views Diamond Offshore as "essentially fairly priced" on a relative basis.
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