Market Overview

Morgan Stanley Feels Optimistic Ahead of Noble Energy's Analyst Day

Related NBL
Benzinga's Top Upgrades
Nomura Upgrades Noble Energy To Neutral
Israel to let Noble Energy, Delek keep control of Leviathan gas field (Seeking Alpha)

In a report published Friday, Morgan Stanley analyst Evan Calio reiterated an Overweight rating and $82.00 price target on Noble Energy (NYSE: NBL).

In the report, Morgan Stanley noted, “We believe NBL's Analyst Day will drive positive NAV and earnings revisions, largely from Niobrara upside. We see potential for 5% upside to NBL's 5-year Niobrara production CAGR (25% vs. 20%) and 3% upside to its total production CAGR (20% vs. 17%), reinforcing NBL's top-tier growth profile.”

Noble Energy closed on Thursday at $68.68.

Latest Ratings for NBL

Jun 2015Societe GeneraleUpgradesHoldBuy
Jun 2015NomuraUpgradesReduceNeutral
Jun 2015Evercore PartnersInitiates Coverage onBuy

View More Analyst Ratings for NBL
View the Latest Analyst Ratings

Posted-In: Evan Calio Morgan StanleyAnalyst Color Reiteration Analyst Ratings


Related Articles (NBL)

Around the Web, We're Loving...

Get Benzinga's Newsletters