Tidewater valuation attractive after pullback, says Wells Fargo

theflyonthewall.com

After Tidewater's stock sold off following its earnings miss caused by higher repair and maintenance expenses, Wells Fargo reports that the stock is trading at only a 10% premium to book value. The firm thinks the stock usually recovers well from declines caused by company-specific news, and it keeps an Outperform rating on the stock.

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