Susquehanna lowered the firm’s price target on Noble Corp. to $44 from $52 and keeps a Neutral rating on the shares. The firm have updated its model following 4Q23 earnings. They believe the market likely sees temporary headwinds over the short-term, and the comoany is likely impacted by fewer operating days during the first half of 2024, leading to lower 2024 EBITDA estimates.
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