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NE

Noble Corp.

$5.61

-0.265 (-4.51%)

07:25
08/14/18
08/14
07:25
08/14/18
07:25

Noble Corp. upgraded to Hold from Sell at Argus

NE Noble Corp.
$5.61

-0.265 (-4.51%)

06/21/18
JEFF
06/21/18
DOWNGRADE
Target $5
JEFF
Hold
Jefferies downgrades Noble with shares up 18% year-to-date
Jefferies analyst Eduardo Royes downgraded Noble Corp. (NE) to Neutral from Buy and lowered his price target for the shares to $5 from $5.50. The stock is up 18% year-to-date versus its four major peers rising only 2%, Royes tells investors in a research note. He thinks outperformance going forward is unlikely with his framework suggesting "ample downside risk" to 2019 estimates. Among Offshore Drillers, Royes only sees value in Transocean (RIG). He keeps a Buy rating on those shares and raised his price target for $15.
06/21/18
06/21/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nike (NKE) downgraded to Neutral from Buy at UBS with analyst Jay Sole saying Nike's "comeback after two relatively down years continues." 2. Infinera (INFN) downgraded to Neutral from Buy at Goldman Sachs with analyst Rod Hall assumed coverage from Doug Clark and downgrading the stock to Neutral from Buy while saying the company's success is dependent on the new products, while its "key higher TAM products are yet to fully hit the market." 3. AMC Networks (AMCX) downgraded to Underperform from Market Perform at Bernstein with analyst Todd Juenger saying he thinks it is unlikely the company will be acquired at a premium. 4. Catalyst Biosciences (CBIO) downgraded to Neutral from Buy at B. Riley FBR. 5. Noble Corp. (NE) downgraded to Hold from Buy at Jefferies with analyst Eduardo Royes saying the stock is up 18% year-to-date versus its four major peers rising only 2%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/09/18
LEHM
08/09/18
DOWNGRADE
Target $5
LEHM
Underweight
Noble Corp. downgraded to Underweight from Equal Weight at Barclays
Barclays analyst J David Anderson downgraded Noble Corp. to Underweight while raising his price target for the shares to $5 from $4.
08/09/18
LEHM
08/09/18
DOWNGRADE
Target $5
LEHM
Underweight
Barclays calls offshore drillers overvalued, downgrades Noble to Underweight
Barclays analyst J David Anderson downgraded Noble Corp. (NE) to Underweight from Neutral while raising his price target for the shares to $5 from $4. Since March, offshore-themed drilling stocks have outperformed on the back of Brent oil prices moving above $70 per barrel, Anderson tells investors in a research note. However, current share prices now imply day rates will eclipse $400,000 per day by mid-2022 "in the face of substantial floater overcapacity and few signs of an imminent recovery," the analyst adds. As such, he believes the offshore drillers are the most overvalued group in his coverage. Anderson sees 27% average downside from current levels and downgrades Noble to Underweight. He keeps Underweight ratings on Diamond Offshore (DO), Ensco (ESV), Rowan Companies (RDC) and Transocean (RIG).

TODAY'S FREE FLY STORIES

SHO

Sunstone Hotel

$14.08

-0.32 (-2.22%)

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HST

Host Hotels

$17.31

-0.46 (-2.59%)

05:21
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TMUS

T-Mobile

$64.86

-0.78 (-1.19%)

, S

Sprint

$5.83

-0.14 (-2.35%)

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WPG

Washington Prime

$5.76

-0.38 (-6.19%)

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FBHS

Fortune Brands

$39.62

-0.76 (-1.88%)

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05:15
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General news
FX Action: USD-JPY extended losses »

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SNDR

Schneider National

$19.12

-0.015 (-0.08%)

05:11
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NSC

Norfolk Southern

$147.63

-3.18 (-2.11%)

05:11
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KSU

Kansas City Southern

$95.83

-0.86 (-0.89%)

05:10
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CCOI

Cogent

$45.37

-1.25 (-2.68%)

05:07
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PLD

Prologis

$61.50

-2.81 (-4.37%)

05:05
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05:05
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05:05
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CLNXF

Cellnex

$0.00

(0.00%)

05:02
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05:02
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Cellnex rating change  »

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NXST

Nexstar

$84.01

-1 (-1.18%)

, TRCO

Tribune Media

$45.33

-0.04 (-0.09%)

05:00
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Recommendations
Nexstar, Tribune Media analyst commentary  »

Nexstar price target…

NXST

Nexstar

$84.01

-1 (-1.18%)

TRCO

Tribune Media

$45.33

-0.04 (-0.09%)

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TLRD

Tailored Brands

$13.46

-0.84 (-5.87%)

04:56
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04:56
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04:56
Initiation
Tailored Brands initiated  »

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ASOMY

Asos

$0.00

(0.00%)

04:55
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04:55
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AIRG

Airgain

$10.70

-0.55 (-4.89%)

04:55
12/18/18
12/18
04:55
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04:55
Conference/Events
Airgain management to meet with William Blair »

Luncheon Meeting with…

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  • 18

    Dec

  • 19

    Dec

CSTM

Constellium

$7.86

0.15 (1.95%)

04:55
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Conference/Events
Constellium management to meet with Morgan Stanley »

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  • 18

    Dec

SMLR

Semler Scientific

$0.00

(0.00%)

04:55
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Conference/Events
Semler Scientific management to meet with B. Riley FBR »

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  • 18

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  • 07

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HSII

Heidrick & Struggles

$32.08

-1.43 (-4.27%)

04:55
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Conference/Events
Heidrick & Struggles management to meet with Barrington »

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  • 18

    Dec

ALSN

Allison Transmission

$42.98

-0.33 (-0.76%)

04:55
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Conference/Events
Allison Transmission management to meet with Buckingham »

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  • 18

    Dec

HUN

Huntsman

$18.22

-0.09 (-0.49%)

04:55
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Conference/Events
Huntsman management to meet with Seaport Global »

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  • 18

    Dec

EVTC

Evertec

$27.23

-0.16 (-0.58%)

04:55
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Conference/Events
Evertec management to meet with William Blair »

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  • 18

    Dec

PYPL

PayPal

$84.11

-1.82 (-2.12%)

04:55
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Conference/Events
PayPal management to meet with Wedbush »

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  • 18

    Dec

PFE

Pfizer

$43.11

-0.73 (-1.67%)

04:55
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Conference/Events
Pfizer management to meet with Oppenheimer »

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  • 18

    Dec

  • 05

    Jan

LPSN

LivePerson

$18.62

-0.585 (-3.05%)

04:55
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Conference/Events
LivePerson management to meet with Needham »

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  • 18

    Dec

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