BTIG raised the firm’s price target on Seadrill (SDRL) to $50 from $40 and keeps a Buy rating on the shares as part of a broader research note on Energy Offshore Services, OSV. M&A in the Rig and OSV sector are helping tighten the market ahead of an eventual activity recovery, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SDRL: