Noble Corp. price target raised to $64 from $58 at Barclays

Barclays raised the firm’s price target on Noble Corp. to $64 from $58 and keeps an Overweight rating on the shares. Despite the recent selloff in offshore driller stocks, the firm remains positive on the group ahead of the “next wave of multi-year contract announcements” set to begin in Q4. The pullback presents an attractive entry point as fundamentals remain firmly intact, the analyst tells investors in a research note.