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Fly News Breaks for May 11, 2017
NBL
May 11, 2017 | 08:19 EDT
As previously reported, BofA/Merrill upgraded Noble Energy (NBL) to Buy from Neutral and trimmed its price target to $49 from $53. Relative to peers, Analysts led by Doug Leggate said Noble has limited downside and numerous catalysts heading into 2018 including the anticipated startup of Phase 1 of the Eastern Mediterranean by year end 2019, a potential raise in the 2018 outlook in the Permian, benefits from the potential drops to Noble Midstream (NBLX), and the required sale of its interest in Tamar.
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