Noble Corp. remains favorite name in offshore drillers, says Cowen Cowen noted the recent selloff in the offshore drilling space and highlighted Noble Corp as its favorite name in the space. The firm sees the potential for Noble to increase its dividend and likes its exposure to the high spec end of the market. Shares are Outperform rated with a $49 price target.
Noble Corp. upgraded to Buy from Accumulate at Global Hunter Global Hunter upgraded Noble Corp to Buy and lowered its price target to $14 from $16. The firm believes Noble is well positioned to manage through a downturn with strong liquidity and a reasonable valuation.