Market Overview

UPDATE: Deutsche Bank Initiates Seadrill at Buy on Quality, Diversification

Related SDRL
Mid-Morning Market Update: Markets Edge Higher; Deere Profit Tops Views
Seadrill: Still 'Muddling' Along?
Offshore Drillers: Results Of The Earnings Season (Seeking Alpha)

Deutsche Bank initiated coverage on Seadrill (NYSE: SDRL) with a Buy rating and a $41 price target.

Deutsche Bank commented, "SDRL is a unique play on both strong near-term fundamentals and one of the best secular growth stories in the industry (high spec and deepwater assets). With a fleet of 67 rigs, SDRL has one of the highest quality and most diversified fleets in the industry. While we see relatively modest upside in the shares, SDRL's significant yield is likely to remain attractive and the total return potential supports our BUY case."

Seadrill closed at $39.36 on Monday.

Latest Ratings for SDRL

Sep 2015Deutsche BankMaintainsHold
Sep 2015Credit SuisseDowngradesNeutralUnderperform
Aug 2015Global HunterMaintainsAccumulate

View More Analyst Ratings for SDRL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


Related Articles (SDRL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters