KLR analyst Gail Nicholson raised her price target on Noble Energy by $9 to $65 following the company's fourth quarter results, citing a 10% improvement in U.S. onshore capital productivity, higher price realizations and the company's recent asset divestitures. In a research note to investors, the analyst called Noble "one of our favorite large cap diversified names," and said the stock offers an "attractive" entry point for investors. Nicholson anticipates Noble utilizing its positive cash flow generation to further enhance value for investors by increasing its dividend and/or share repurchase program in the future. The analyst keeps a Buy rating on the shares.