Canaccord Genuity Maintains a 'Hold' on Noble Corporation (NE); Contract for Max Smith

Canaccord Genuity maintains a 'Hold' on Noble Corporation (NYSE: NE) price target raised $1 to $39.

Analyst, Scott Burk, said, "NE got a nice contract on the Max Smith from Shell (NYSE: RDS-A) in Brazil, but the contract starts after an extended shipyard stay...Other changes in the fleet status update were fairly minor, but included additional shipyard time compared to our prior 2012 estimates, and slightly higher rates that helped 2013 estimate."

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 $40.90 yesterday.

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