DNB Markets analyst Martin Huseby Karlsen reinstated coverage of Archer Limited with a Buy rating and NOK 1.50 price target. Archer has now completed a broad refinancing that reduces leverage and pushes debt maturities to 2027, the analyst tells investors in a research note. The firm says the company remains among the more leveraged oil service names.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly