Citi raised the firm’s price target on Noble Corp. (NE) to $50 from $42 and keeps a Neutral rating on the shares. The firm adjusted targets in the oil and gas equipment and services group as part of a Q1 preview. The sector has “cross-currents” with the completion market recovering and companies with Middle East exposure brining uncertainty, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NE:
- Noble Corp. price target raised to $50 from $45 at Susquehanna
- Unusually active option classes on open March 23rd
- Noble Corporation Announces Planned Board Director Resignation
- Halliburton, Exxon and Noble achieve fully automated geological well placement
- Noble Corp. price target raised to $55 from $42 at BTIG