Noble Corporation (NE)

[Bart Myers]

Duncan-Williams upgraded Noble Corporation (NYSE: NE) from Reduce to Strong Buy. The new price target was set to $54. In a research report published today, Duncan-Williams stressed it believes Noble's shares are underestimated at the moment.

In the report, Duncan-Williams states, "We are upgrading Noble to a STRONG BUY rating from a REDUCE rating based on valuation. The company is trading at a 10 percent discount to the group for 2012 on a P/E basis. With the recent pullback in the space and the pullback in commodities, we believe investors should include Noble in their portfolios at present stock price levels."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/05/1068267/duncan-williams-upgrades-noble-corporation-to-strong-buy#ixzz1LxYq6qKj