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UPDATE: Jefferies Downgrades Noble Corporation to Hold, Lowers PT

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In a report published Friday, Jefferies downgraded its rating on Noble Corporation (NYSE: NE) from Buy to Hold, and lowered its price target from $44.00 to $41.00.

Jefferies noted, “We downgrade NE to Hold from Buy as we lower our PT to $41 from $44 and 2013/2014E EPS to $3.05/$4.25 from $3.80/$4.90. NE's disappointments on opex and capex guidance don't completely overwhelm the excitement we have for its long term earnings growth potential, but given share appreciation and near term risks (still), we prefer to be on the sidelines with this stock.”

Noble Corporation closed on Thursday at $37.46.

Latest Ratings for NE

DateFirmActionFromTo
Feb 2015Capital One FinancialDowngradesOverweightEqualweight
Feb 2015BMO CapitalInitiates Coverage onUnderperform
Feb 2015UBSMaintainsNeutral

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View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Analyst Ratings

 

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