Valaris price target raised to $50 from $43 at Barclays

Barclays raised the firm’s price target on Valaris (VAL) to $50 from $43 and keeps an Equal Weight rating on the shares following the Q3 report. The offshore drillers reiterated constructive outlooks for deepwater activity to recover meaningfully by late 2026 and into 2027, the analyst tells investors in a research note.