UPDATE: RS Platou Markets Upgrades Noble Corporation to Buy; Current Valuation an Attractive Entry Point

RS Platou Markets upgraded Noble Corporation NE from Neutral to Buy and maintained a $42.00 price target. RS Platou Markets analyst Anders Bergland commented, "We upgrade Noble Corp (NE) to Buy, following a ~10% drop in the share price and 14% cut in consensus EPS expectations since our Neutral downgrade in January. With estimates at more realistic levels, we expect the market to shift attention towards the steady EPS growth and increasing leverage to UDW and high-spec jack-ups." Noble Corporation closed at $37.37 on Thursday.