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Fly News Breaks for May 24, 2016
NBL
May 24, 2016 | 08:49 EDT
Barclays analyst Thomas Driscoll said Israeli government action approving alternative wording related to the Stability Clause in the Natural Gas Framework agreement has increased the likelihood that Noble and partners will move toward sanction of the Leviathan project this year. Driscoll believes Israel's bottom line contribution to Noble could triple over the next 5-8 years, which could raise the shares by $15-$20 per share. The analyst raised Noble Energy's price target to $41 from $33 and named it a new Top Pick and reiterated his Overweight rating on shares.
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