Jefferies raised its Atwood Oceanics ATW price target to $42 from $38 in a research report published today.
In the report, Jefferies states, "Although ATW retains good contract cover and represents an interesting transformation story due to its substantial deepwater and jack-up newbuild program, we continue to rate ATW shares Hold primarily due to valuation."
Shares of Atwood Oceanics were at $40.36 in after hours trading at the time of posting, reflecting no change from Thursday's market close.
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