Dahlman Rose Initiates Tesco Coverage

Dahlman Rose initiated coverage of Tesco TESO last week, giving Tesco a Buy rating and $26 price target, in a research report published today. In the report, Dahlman Rose states, "We believe the company's core top drive franchise should show strong cyclical growth. Proprietary casing running should see continued record job counts, particularly as the company adds additional Casing Drive System (CDS) units to their fleet and bundles their new automated cementing head system with their casing running offering." Shares of Tesco were trading at $22.63 at the time of posting, down 0.26% from Friday's market close.