Barclays analyst Eddie Kim lowered the firm’s price target on Noble Corp. to $55 from $59 and keeps an Overweight rating on the shares post the Q2 report. The The message from earnings was clear: deepwater rig demand will likely hold steady through mid-2025, the analyst tells investors in a research note. The firm lowered 2024 and 2025 5 estimates across the board but still sees significant share upside from current levels.
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