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.
News For NE From The Last 14 Days
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Noble Corp. upgraded to Market Perform from Underperform at BMO Capital BMO upgraded the offshore drillers to Market Perform from Underperform citing valuation, reduced expectations, and a slow resumption in activity. Price target remains $33.