| Over a week ago | ||||
DNB Markets analyst… DNB Markets analyst Martin Karlsen double downgraded Subsea 7 to Sell from Buy with an DKK 80 price target. | ||||
HSBC analyst Abhishek… HSBC analyst Abhishek Kumar raised the firm's price target on Subsea 7 to NOK 96 from NOK 87 and keeps a Hold rating on the shares. While "decent" backlogs across subsea companies provide some 2021 revenue visibility, a "cautious" offshore outlook limits new order intake upside despite a higher oil price, Kumar tells investors in a research note. He sees a balanced risk/reward at current share levels. | ||||
| Over a month ago | ||||
Jefferies analyst Mark… Jefferies analyst Mark Wilson upgraded Subsea 7 to Buy from Hold with a NOK 120 price target. The company is on track to become the clear leader in offshore wind to complement its oil and gas business, Wilson tells investors in a research note. Subsea 7's offshore wind backlog quadrupled to $2B through 2020, says the analyst, who believes the stock's premium valuation is justified. | ||||
Berenberg analyst Henry… Berenberg analyst Henry Tarr raised the firm's price target on Subsea 7 to NOK 105 from NOK 85 and keeps a Buy rating on the shares. | ||||
Barclays analyst Mick… Barclays analyst Mick Pickup raised the firm's price target on Subsea 7 to NOK 105 from NOK 90 and keeps an Overweight rating on the shares. | ||||
SEB Equities analyst Kim… SEB Equities analyst Kim Uggedal downgraded Subsea 7 to Hold from Buy with a DKK 97 price target. | |
Jefferies analyst Mark… Jefferies analyst Mark Wilson downgraded Subsea 7 to Hold from Buy with an unchanged price target of NOK 90. Backlog momentum slowed "dramatically" into year end, with Q4 marking the first quarter of no award announcements since 2Q17, noted Wilson, who added that "valuation remains a factor within an overall constructive investment case" for Subsea. | |
Morgan Stanley analyst… Morgan Stanley analyst Lillian Starke downgraded Subsea 7 to Equal Weight from Overweight with a price target of NOK 95, up from NOK 90. |
| Over a quarter ago | ||||
JPMorgan analyst James… JPMorgan analyst James Thompson raised the firm's price target on Subsea 7 to NOK 107 from NOK 97 and keeps an Overweight rating on the shares. | ||||
Credit Suisse analyst… Credit Suisse analyst David Farrell raised the firm's price target on Subsea 7 to NOK 99 from NOK 86 and keeps an Outperform rating on the shares. | ||||