Tidewater

In a recent report, Jefferies has lowered the price target on Tidewater (NYSE: TDW) from $71.00 to $65.00 after a disappointing near-term earnings guidance. Due to recent events, Jefferies believes the pullback provides a good buying opportunity. In the report, Jefferies said, "TDW shares pulled...

Jefferies & Company has lowered the price target on Tidewater (NYSE: TDW) from $71 to $65 and maintains its Buy rating.

Goldman Sachs reduced its price target on Tidewater (NYSE: TDW) from $69 to $63. In a research report published today, Goldman decided to lower its price target after reducing its earnings per share estimates for 2012 and 2013. These reductions came in spite of Tidewater's Q1 results meeting market...

Goldman Sachs has lowered the price target on Tidewater (NYSE: TDW) from $69 to $63 and maintains its Neutral rating.

Jefferies is out with its report this morning on Tidewater (NYSE: TDW), maintaining Buy. In a note to clients, Jefferies writes, "TDW announced F3Q11 EPS of $0.67, which was slightly above our estimate but $0.01 below Consensus likely due to minor items below the EBITDA line. Although the near-term...

Jefferies reports that although it forecasts a strong improvement in offshore drilling activity in 2011, “we believe the offshore drillers will have difficulty sustaining the recent rally due to various headwinds.” Conversely, Jefferies believes the OSV sector may be finally poised to outperform. “...