Seeking Alpha

Ensco (ESV -1.2%) is downgraded to Hold from Buy at Deutsche Bank, which lowers its 2012, 2013...

Ensco (ESV -1.2%) is downgraded to Hold from Buy at Deutsche Bank, which lowers its 2012, 2013 and 2014 EPS estimates as cost pressures mount, especially on the labor front. Although offshore demand remains strong and ESV is arguably the best managed offshore driller, the firm sees dayrates flattening even as costs rise.
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