Diamond Offshore

J.P. Morgan is maintaining its Underweight rating on shares of Diamond Offshore (NYSE: DO). “We continue to rate Diamond Underweight with a year-end 2011 price target of $68,” J.P. Morgan writes. “Our price target assumes the shares trade roughly in line with our $71 DCF estimate. “Our price...

In a research report published today, Dahlman Rose provided color on the Offshore Drilling sector. Dahlman Rose is optimistic about the sector as it sees an increase in activity. In the report, Dahlman Rose states, "The ultra deepwater market has shown improving signals recently, with a flurry of...