Diamond Offshore Drilling (DO) Bonds Trading 1.3% Higher – BharataPress

An issue of Diamond Offshore Drilling Inc (NYSE:DO) bonds rose 1.3% as a percentage of their face value during trading on Thursday. The high-yield issue of debt has a 7.875% coupon and will mature on August 15, 2025. The bonds in the issue are now trading at $85.25 and were trading at $81.00 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.

A number of research analysts recently issued reports on DO shares. Johnson Rice downgraded shares of Diamond Offshore Drilling from a “hold” rating to a “sell” rating and set a $15.00 target price for the company. in a research report on Wednesday, October 17th. Morgan Stanley started coverage on shares of Diamond Offshore Drilling in a research report on Tuesday, September 18th. They set an “underweight” rating and a $15.00 target price for the company. UBS Group upgraded shares of Diamond Offshore Drilling from a “reduce” rating to an “accumulate” rating in a research report on Thursday, October 18th. ValuEngine downgraded shares of Diamond Offshore Drilling from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 27th. Finally, Royal Bank of Canada upgraded shares of Diamond Offshore Drilling from a “sector perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Thursday, September 20th. Eleven equities research analysts have rated the stock with a sell rating, five have given a hold ....

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