Dahlman Rose Reiterates Buy Rating, $68 PT for Tidewater

In a company update published earlier today, Dahlman Rose & Company, LLC reiterated its Buy rating and $68.00 price target for Tidewater Inc.

. Dahlman Rose said in its report “First quarter revenues of $289.4 million edged our estimate of $286.4 million, and operating income of $42.4 million beat our $40.9 million forecast. Higher-than-expected operating income was driven largely by results in the Sub-Saharan Africa/Europe segment, where revenues of $130.0 million beat our $122.6 million estimate, and the Asia/Pacific segment, where revenues of $48.2 million beat our $43.8 million estimate.” Tidewater Inc. closed on Friday at $45.39.