Friday, December 9, 2011

Transocean (RIG) (EGO) (PTEN) (RDC) (CIM) (DO) Get New Coverage

Transocean (NYSE: RIG), Eldorado Gold Co. (NYSE: EGO), Patterson-UTI (NASDAQ: PTEN), Rowan Companies, Inc. (NYSE: RDC), Chimera Investment Co. (NYSE: CIM) and Diamond Offshore Drilling, Inc. (NYSE: DO) getting new coverage from analysts.

Goldman Sachs (NYSE:GS) initiated coverage on Patterson-UTI (PTEN). They placed a “Buy” rating on the company.

Goldman Sachs initiated coverage on Rowan Companies, Inc. (RDC). They placed a “Neutral” rating on the company.

Goldman Sachs initiated coverage on Transocean (RIG). They placed a “Sell” rating on the company.

Morgan Stanley (NYSE:MS) initiated coverage on Chimera Investment Co. (CIM). They placed an “Underweight” rating and a price target of $2.70 on the company.

Goldman Sachs initiated coverage on Diamond Offshore Drilling, Inc. (DO). They placed a “Sell” rating on the company.

HSBC (NYSE:HBC) initiated coverage on Eldorado Gold Co. (EGO). They placed an “Overweight” rating on the company.

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