Duncan Williams Reiterates Atwood Oceanics Strong Buy, $60.75 PT

Duncan Williams reiterated its Atwood Oceanics

Strong Buy rating and $60.75 price target in a research report published today. In the report, Duncan Williams states, "Atwood's fleet status had no new contracts, however, the Atwood Aurora has completed its enhancements in Italy. We have raised our 2011 earnings based on contract timing of various rigs and we reiterate our STRONG BUY rating." Shares of Atwood Oceanics were trading at $44.74 at the time of posting, up 1.38% from Thursday's market close.