UPDATE: Wunderlich Initiates Coverage on Atwood Oceanics on Fair Valuation

In a report published Wednesday, Wunderlich Securities analyst Todd P. Scholl initiated coverage on Atwood Oceanics (NYSE: ATW ) with a Hold rating and $63.00 price target. In the report, Wunderlich Securities noted, “We are initiating coverage of Atwood Oceanics, Inc. (ATW) with a Hold rating and a price target