J.P. Morgan Cuts Offshore Drillers

Gem Investing

Analysts at J.P. Morgan Chase confirmed that the company has cut its earnings and price targets for many offshore companies such as Diamond Offshore , Ensco Plc. , Noble Corp. , Pride International Inc. , and Transocean Ltd..
Analysts are quoted saying:
“While shares of Transocean are increasingly attractive, we still see downside risk. Instead, we would […]

Analysts at J.P. Morgan Chase confirmed that the company has cut its earnings and price targets for many offshore companies such as Diamond Offshore , Ensco Plc. , Noble Corp. , Pride International Inc. , and Transocean Ltd..

Analysts are quoted saying:

“While shares of Transocean are increasingly attractive, we still see downside risk. Instead, we would use market weakness as an opportunity to own Halliburton and Schlumberger.”

Click here to access the entire news

The Conversation (0)
×