Goldman Sachs Added Noble Energy (NBL) to Conviction Buy List

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Goldman Sachs added Noble Energy (NYSE: NBL) to its Conviction Buy list with a price target of $121 (down from $126), suggesting 41% upside.

The firm cited an expected inflection in Brent-linked oil growth/FCF, upcoming exploration catalysts, strong balance sheet/returns.

For more ratings news on Noble Energy click here and for the rating history of Noble Energy click here.

Shares of Noble Energy closed at $83.11 yesterday, with a 52 week range of $63.80-$101.27.

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