Wednesday, October 20, 2010

Crowded Sector A Worry For Diamond Offshore

Wednesday morning, Credit Suisse downgraded shares of Diamond Offshore ( DO - news - people ) to underperform from neutral, notice that the zone is flourishing crowded. The organisation marked down the 2010 EPS estimates to $8.25 per share and lowered the cost aim to $79. Shares of Diamond Offshore were trade modestly reduce on the downgrade, off about .1%.emailprintreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterRedditrssforbes:http://www.forbes.com/2010/03/17/downgrades-diamond-offshore-markets-equities-kimberly-marketnewsvideo.html?partner=yahoobuzzFBR marked down the EPS estimates on shares of Hartford Financial ( HIG - news - people ) by 2011 following the companys plan to lift new capital. As piece of the companys plan to pay off TARP funds, it will lift $3.1 billion in batch and debt. FBR maintains the marketplace perform rating on shares of HIG and set a cost aim of $29 per share.In sunrise trading, shares of Hartford Financial were display strength notwithstanding FBRs report, up some-more than 4.5%.Kimberly-Clark ( KMB - news - people ) saw the cost aim marked down again Wednesday, this time by Bank of America. The organisation lowered the cost aim to $70 per share as it expects pap costs to climb this year. While the organisation maintains the buy rating, it lowered the 2010 EPS estimates to $4.80 per share.Shares of Kimberly Clark were trade modestly higher this morning, notwithstanding the report, up .3%.,,2010/03/17/downgrades-diamond-offshore-markets-equities-kimberly-marketnewsvideo.htmlMarket News Video produces and distributes online videos about bonds and investing.
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