This has to be one of the worst analyst upgrade/downgrades I have ever seen, lol:
"Bernstein initiated coverage on Valaris PLC (NYSE: VAL) with an Underperform rating. The price target for Valaris is set at $2.30"
This is hilarious for two reasons, one, there is no way in hell that VAL gets anywhere near $2.30, and two, obviously no one cares or follows "Bernstein", since the downgrade came out at 10:30am today, and VAL is currently at $6.16, down a nickel.
Wow, what a miss...