UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Rowan Companies on Earnings Growth Potential

In a report published Friday, Jefferies reiterated its Hold rating on Rowan Companies (NYSE: RDC ), and raised its price target from $36.00 to $38.00. Jefferies noted, “We see big earnings growth to come, but still think Consensus is too high (we are >10% below on 2014E). Further, RDC has