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UPDATE: Deutsche Bank Initiates Seadrill at Buy on Secular Growth, Fundamentals

Related SDRL
UPDATE: Bank Of America Reiterates On Seadrill Ltd. As Macro Environment Remains Weak
SeaDrill (SDRL) Falls: Stock Goes Down 6%

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 $39.18 on Monday.

Latest Ratings for SDRL

DateFirmActionFromTo
Oct 2014RS PlatouUpgradesNeutralBuy
Oct 2014Deutsche BankMaintainsHold
Oct 2014Bank of AmericaMaintainsNeutral

View More Analyst Ratings for SDRL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Intraday Update Analyst Ratings

 

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