By: Benzinga
UPDATE: Jefferies Raises PT on Hercules Offshore, Fundamentals Surpass Expectations
Jefferies maintained Hercules Offshore (NASDAQ: HERO ) with a Hold rating and raised the price target from $6.00 to $8.00. Jefferies commented, "We raise our PT to $8 from $6 as fundamentals (domestic jackup rates) have continued to surpass our expectations, and we tweak our dayrate estimates up and lower
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