Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: RGinPG who wrote (23634)	6/8/1998 2:39:00 PM
From: Snowshoe	Read Replies (1) of 95453

FLC estimates cut... R&B Falcon Corp. (FLC) 25 3/8 -1 3/16: Lehman Brothers maintains "buy" rating on marine contract drilling, but lowers EPS estimates and price target due to lower pricing in the shallow jackup market and lower utilization in the barge drilling markets; believes stock still attractive based on 1999 estimates which includes the delivery of eight additional rigs sometime in 1999; reduces 1998 EPS to $1.72 and 1999 to $2.90 and lowers price target to $43 a share..... (From Briefing.com)

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