UPDATE: BMO Capital Lowers PT on Rowan Companies on Operating EPS

In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on Rowan Companies (NYSE: RDC ), but slightly lowered its price target from $39.00 to $38.00. BMO Capital Markets noted, “RDC posted operating EPS of $0.63 excluding $0.06 of EXL I repair costs, pension, and impairment charges.