Deep Down, Inc. (DPDW.OB) recently announced that Dahlmann Rose & Company, a leading analyst firm, upgraded their BUY rating and revised target price to $ 2.50 per share. This new $2.50 target price has increased from the previous target specified by Dahlmann, after the company has released a plethora of new developments to increase future company potential and shareholder value.
Dahlmann Rose is a full-service investment bank that offers both research, trading, and advisory services for growing companies. In particular, Dahlmann is focused on companies operating in the vast energy and commodity supply chain business sector. The company also provides investment banking services for companies specializing in the marine shipping and energy industries. Currently, Dahlmann has offices in New York, Houston, San Francisco, and New Orleans.
In response to the momentous news, the stock price increased over 18%, and closed at 2.02 per share.
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