Citi analyst Scott Gruber raised the firm’s price target on Seadrill (SDRL) to $48 from $46 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.
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