Citi analyst Scott Gruber raised the firm’s price target on Valaris (VAL) to $55 from $50 and keeps a Neutral rating on the shares as part of a Q3 preview for the oil and gas equipment and services sector. The firm sees momentum for the sector and believes Saudi activity could move higher in the first half of 2026 followed by deepwater growth in the second half of next year.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VAL:
- Valaris downgraded to Equalweight from Overweight at Capital One
- Valaris downgraded to Sell from Hold at SEB Equities
- Valaris downgraded to Neutral from Buy at Clarksons
- Keurig Dr Pepper buys JDE Peet’s, Thoma Bravo to acquire Verint: Morning Buzz
- Valaris price target raised to $43 from $39 at Barclays