Goldman Sachs Boosts Price Target On Noble Energy (NBL), Sees 28% Upside

July 29, 2011 8:48 AM EDT
Get Alerts NBL Hot Sheet
Price: $8.46 --0%

Rating Summary:
    23 Buy, 18 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
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Goldman Sachs reiterated its Buy rating on Noble Energy (NYSE: NBL) and lifted its 6-month price target to $126 (from $121) following Q2 results. The new price target suggest 28% upside.

The firm cited: (1) Expected production, cash flow inflection; (2) Strong exploration catalysts; (3) Cyprus/LNG; (4) Improved prices.

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 $99.01 yesterday.


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