Canaccord Genuity Maintains a 'Hold' on Noble Corp (NE); Lower 2011/12E EPS on Downtime

December 5, 2011 8:33 AM EST
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Price: $45.10 +1.83%

Rating Summary:
    16 Buy, 22 Hold, 8 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Hold' on Noble Corporation (NYSE: NE) price target of $40.00.

Canaccord analyst, Scott Burk, said, "Additional downtime from Noble’s FSU reduces our 2011/12 EPS, but accounting for likely bonus payments boosts 2013."

For an analyst ratings summary and ratings history on Noble Corporation click here. For more ratings news on Noble Corporation click here.

Shares of Noble Corporation closed at $34.65 yesterday.


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