Raymond James Maintains Bearish Stance on Offshore Drillers, Upgrades RDC, Downgrades ATW, ESV, NE‏

In Raymond James' Morning note on Monday, analyst Collin Gerry recommended an Underweight bias towards the offshore drillers sector. Gerry reduced 2015 estimated EPS by approximately 18%. The analyst noted that this a typical cyclical slowdown and not a permanent slowdown. In his industry overview report, Gerry wrote that he