Citigroup Reiterates Buy Rating, $110 PT on Noble Energy

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In a report published Friday, Citigroup reiterated its Buy rating and $110.00 price target on Noble Energy (NYSE: NBL).Citigroup noted, “We rate Noble Energy Buy. Overall, Noble has a host of domestic and international development projects that should significantly boost production over the next 18 months, including the Galapagos project offshore Gulf of Mexico, the Noa and Tamar fields offshore Israel, and Aseng field offshore Africa. We acknowledge Noble's success with the drill bit and upside exploration exposure and assign the company a Buy rating.”Noble Energy closed on Thursday at $99.33.

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