Citi lowered the firm’s price target on Seadrill (SDRL) to $46 from $50 and keeps a Buy rating on the shares. The firm updated the company’s model to account for additional downtime on a few rigs as customer demand “still appears lackluster.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SDRL:
- 3 Best Stocks to Buy Now, 12/30/2024, According to Top Analysts
- Seadrill announces sale of jack-up rig West Prospero for $45M
- Seadrill Secures Major Brazil Contract with Petrobras
- Seadrill Secures Major Contract with Petrobras in Brazil
- Seadrill announces Brazil contract award of $498M for West Tellus