UPDATE: Pritchard Upgrades Tidewater to Buy

Pritchard is out with its report today on Tidewater TDW, upgrading TDW from Neutral to Buy. In its report, Pritchard writes, "Upgrading to 'Buy' from 'Neutral' as we believe that we are currently seeing the early signs of an upturn in their core international business. We are increasing our target price to $68 up from $44." Shares of TDW closed Thursday at $50.89.