Noble Corporation (NE)

[Bart Myers]

Global Hunter is out with its report today on Noble Energy (NYSE: NE), raising its price target from $40 to $43.

In a note to clients, Global Hunter writes, "New tenders in Mexico have improved our view of the near-term outlook for the company's jackup fleet as well. Fleet quality will be enhanced long-term with newbuilds and the company today announced it exercised the option for a third drillship. With the fleet improvements we are increasing our price target to $43 from $40, but given the recent stock performance we remain Neutral on shares of NE."

Source:
http://www.benzinga.com/analyst-ratings/analyst-color/11/03/907189/global-hunter-raises-pt-on-noble-energy-to-43-ne#ixzz1FvbfncG2