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.
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Read More on VAL:
- Valaris downgraded to Equalweight from Overweight at Capital One
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