Hercules Offshore (HERO +3.9%) is upgraded to Strong Buy from Buy at ISI, which says HERO is the...


Hercules Offshore (HERO +3.9%) is upgraded to Strong Buy from Buy at ISI, which says HERO is the driller in best position to benefit from additional increases in rates for jack-up rigs in the Gulf of Mexico. HERO effectively acquired two jack-ups via the acquisition of a majority stake in Discovery Offshore; the firm reduces its view on 2013 earnings but says the deal should boost 2014 EPS to $1.02.
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