Will This Price Target Decrease Hurt Rowan Companies (RDC) Stock Today?

NEW YORK (TheStreet) -- Credit Suisse trimmed its price target on Rowan Companies  (RDC) to $35 and decreased its estimates, as the company is seeing higher costs.

The stock closed at $28.92 on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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Separately, TheStreet Ratings team rates ROWAN COMPANIES PLC as a "hold" with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate ROWAN COMPANIES PLC (RDC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself."

You can view the full analysis from the report here: RDC Ratings Report

RDC Chart RDC data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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