Credit Suisse Downgrades Diamond Offshore (DO)
Symbols: DO
Posted in: Downgrades, Intraday Update
Credit Suisse downgraded shares of Diamond Offshore (NYSE: DO) today from Neutral to Underperform. The firm also lowered their price target for the stock from $86 to $79. Credit Suisse reduced its 2010 EPS estimates to $8.25. On the day, DO shares are down 0.33% and are currently trading at $88.04. In the last three months, the stock has fallen over 10%.
Diamond Offshore Drilling, Inc. (DO) is a global offshore oil and gas drilling contractor with a fleet of 47 offshore rigs consisting of 32 semisubmersibles, 14 jack-ups and one drillship. The Company offers a range of services worldwide in various markets, including the deepwater, harsh environment, conventional semisubmersible and jack-up markets.
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