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UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on DryShips

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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

DateFirmActionFromTo
Mar 2015ABN Amro BankInitiates Coverage onSell
Feb 2015Nordea EquityDowngradesBuySell
Oct 2014Imperial CapitalUpgradesUnderperformOutperform

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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