Diamond Offshore Raised To

Maritime Activity Reports, Inc.

July 25, 2000

Deutsche Banc Alex. Brown reportedly raised its investment rating on shares of Diamond Offshore Drilling Inc. to strong buy from market perform. Said in a note, "Diamond's quarterly EPS have likely bottomed in (second quarter 2000), and should increase sequentially over the next (8-plus) quarters." The analyst set the target price at $42 per share.
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