Seadrill price target raised to $80 from $62 at BWS Financial

BWS Financial raised the firm’s price target on Seadrill to $80 from $62 and keeps a Buy rating on the shares. The firm’s raised target reflects its revised 2025 adjusted EBITDA outlook based on a forecast for tighter supply of drill ships. As the industry realizes that it is likely that drill ships that remain stacked may never come back online, contract activity and day rates should increase further, the analyst contends.