Still Neutral On Loews
Posted on June 15, 2011 at 12:02 PM EDT
We are retaining our Neutral rating on Loews Corporation (NYSE:L), as the company’s performance was weighed down by Lower earnings at Diamond Offshore reflecting reduced day rates and utilization coupled with slightly lower earnings at CNA Financial Corporation. Loews Corporation reported first-quarter 2011 adjusted net income of 89 cents per share, marginally the Zacks Consensus [...]
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