UPDATE: Jefferies Upgrades Rowan Companies to Buy on Less Fettered Growth
May 03, 2013 at 09:15 AM EDT
In a report published Friday, Jefferies analyst Brad Handler upgraded the rating on Rowan Companies (NYSE: RDC ) from Hold to Buy, and slightly raised the price target from $38.00 to $39.00. In the report, Handler noted, “We have been on the sidelines given operational (uptime, project execution and cost