UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on DryShips
In a report published Friday, Jefferies & Company reiterated its Hold rating on DryShips (NASDAQ: DRYS), but slightly lowered its price target from $2.50 to $2.00.
Jefferies noted, “Yesterday after the market close, DryShips reported a 3Q12 EPS loss of $0.09, excluding one-time items, which was below both Street consensus of an EPS loss of $0.02 and our estimate of an EPS loss of $0.03 primarily due to higher than expected operating costs at the Company's Ocean Rig subsidiary.”
DryShips closed on Thursday at $2.08.
Latest Ratings for DRYS
|Sep 2014||Clarkson Capital||Initiates Coverage on||Hold|
|Sep 2014||Deutsche Bank||Initiates Coverage on||Buy|
|Jan 2014||Nordea||Upgrades||Buy||Strong Buy|
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