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Atwood Oceanics (ATW +1%) is upgraded to Buy from Accumulate with a $56 price target (up from...

Atwood Oceanics (ATW +1%) is upgraded to Buy from Accumulate with a $56 price target (up from $54) at Global Hunter, as ATW continues to maintain rig uptime in the upper echelon of its peer group. The firm expects FQ1 2013 will mark an inflection point for earnings, with results improving thereafter on less yard time and newbuilds in the field.
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