Susquehanna lowered the firm’s price target on Noble Corp. to $49 from $51 and keeps a Neutral rating on the shares. The firm adjusted its 2024 estimates lower but said the longer-term outlook is more constructive, as demand is expected to grow while the supply of high-spec deepwater rigs continues to tighten. Susquehanna views the Noble Viking’s recent contract, which includes a $499k dayrate and additional option at a $549k dayrate, as a positive sign.
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