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Enter Symbol:
 
Pride International, Inc. (PDE) [hlAlert]

Rating:
Buy PDE
up 23.33 %

Pride International, Inc. (PDE) upgraded to Buy with price target $38 by Deutsche Bank

Posted on: Monday,  Nov 8, 2010  1:25 PM ET by Deutsche Bank

Deutsche Bank rated Buy Pride International, Inc. (NYSE: PDE) on 11/08/2010, when the stock price was $33.00. Since
then, Pride International, Inc. has gained 23.33% as of 05/31/2011's recent price of $40.70.
If you would have followed this Deutsche Bank's recommendation on PDE, you would have gained 23.33% of your investment in 204 days.

Pride International, Inc. (Pride) is an offshore drilling contractor operating, as of February 02, 2009, a fleet of 44 rigs, consisting of two deepwater drillships, 12 semisubmersible rigs, 27 jackups and three managed deepwater drilling rigs. The Company has four ultra-deepwater drillships under construction. Its customers include integrated oil and natural gas companies, state-owned national oil companies and independent oil and natural gas companies. Pride?s operations are conducted in oil and natural gas basins, including South America, the Gulf of Mexico, West Africa, the Mediterranean Sea, the Middle East and Asia Pacific. It provides contract drilling services to oil and natural gas exploration and production companies through the use of mobile offshore drilling rigs in United States and international waters. Pride provides the rigs and drilling crews and is responsible for the payment of operating and maintenance expenses.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/8/2010 1:25 PM Buy
None
33.00 38.00
as of 12/31/2010
1 Week down  -0.39 %
1 Month up  4.91 %
3 Months down  -1.12 %
1 YTD down  -1.12 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2010 12:25 PM Hold
None
33.03 89.00

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