Tuscany International Drilling Inc T.TID

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Tuscany International Downgraded to 'Market Perform' at Raymond James (TID)

Source: ABMN Staff | Publish date: Mon, 20 Aug 12:09 | website

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Tuscany International (TSE: TID) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Monday. They currently have a $0.45 price target on the stock, down from their previous price target of $0.80.
Separately, analysts at Stonecap Securities cut their price target on shares of Tuscany International from $1.10 to $0.75 in a research note to investors on Friday, August 3rd. They now have an “outperform” rating on the stock.
Shares of Tuscany International traded down 4.55% during mid-day trading on Monday, hitting $0.315. The company’s market cap is $109.5 million.
Tuscany International Drilling Inc. (Tuscany) is engaged in the business of providing contract drilling and workover services to the oil and gas industry in South America and central Africa.