Duncan-Williams Reiterates Strong Buy on Ensco
Duncan-Williams is out with its report today on Ensco (NYSE: ESV), reiterating Strong Buy.
In its report, Duncan-Williams writes, "Our new 2011 earnings estimate is $3.30 per share down from $3.40 per share. Our 2012 earnings estimate remains $5.90 per share. We reiterate our STRONG BUY rating and twelve month target of $88.50 per share, which is based on 15 times our 2012 earnings estimate."
Shares of ESV closed Friday at $42.32, down 2.69% from Thursday's close.
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