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Enter Symbol:
 
Tidewater Inc. (TDW) [hlAlert]

Rating:
Hold TDW
down 19.61 %

Tidewater Inc. (TDW) downgraded to Hold with price target $43 by Jefferies & Co

Posted on: Friday,  Oct 31, 2008  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Hold Tidewater Inc. (NYSE: TDW) on 10/31/2008. Previously Jefferies & Co rated Buy Tidewater Inc. (NYSE: TDW) on
11/26/2007., when the stock price was $51.53. Since then, Tidewater Inc. has lost 19.62% as of 10/31/2008's recent price of $41.42.
If you would have followed the previous Jefferies & Co's recommendation on TDW, you would have lost 19.61% of your investment in 340 days.

Tidewater Inc. provides offshore supply vessels and marine support services to the offshore energy industry through the operation of offshore marine service vessels. As of March 31, 2008, the Company had a total of 430 vessels, of which 10 were operated through joint ventures, 61 were stacked and 11 vessels withdrawn from service. The Company provides services supporting all phases of offshore exploration, development and production, including towing of and anchor handling of mobile drilling rigs and equipment; transporting supplies and personnel necessary to sustain drilling, workover and production activities; assisting in offshore construction activities, and a variety of specialized services, including pipe laying, cable laying and three-dimensional (3-D) seismic work. The Company operates in two segments: United States and International.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/31/2008 8:25 AM Hold
None
41.42 43.00
as of 12/24/2008
1 Week up  4.82 %
1 Month up  18.96 %
3 Months up  15.86 %
1 YTD down  -14.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/26/2007 9:25 AM Buy
None
51.53 66.00

(*) Stock Price at the time of the recommendation.
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