Barclays Initiates Rowan Companies With Equal-weight

Analysts at Barclays initiated coverage on Rowan Companies PLC RDC with a Equal-weight rating. The target price for Rowan Companies is set to $22. Rowan Companies shares have dropped 30.92 percent over the past 52 weeks, while the S&P 500 index has surged 9.07 percent in the same period. Rowan Companies' shares rose 2.44 percent to close at $22.21 yesterday.