Rowan Cos. (RDC) Misses Q2 EPS by 6c

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Go back to Rowan Cos. (RDC) Misses Q2 EPS by 6c

Jefferies Cuts Price Target on Rowan Cos. (RDC) to $18; Reiterates Buy

August 3, 2016 10:03 AM EDT

Jefferies maintained a Buy rating on Rowan Companies (NYSE: RDC), and cut the price target to $18.00 (from $21.00), following the company's 2Q earnings report.

Analyst Eduardo Royes commented, "Uncertainty was introduced by CIE on their call regarding their intentions for RDC's Reliance drillship added... More