Seadrill Ltd. (SDRL) Misses Q3 EPS Views; Boosts Dividend to 85c

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Deutsche Bank Downgrades Seadrill Ltd. (SDRL) to Hold, See Dayrates Flattening

November 28, 2012 7:09 AM EST

Deutsche Bank downgraded Seadrill Ltd. (NYSE: SDRL) from Buy to Hold with a price target of $37.00 (from $41.00).

The firm comments, "We are adjusting our SDRL estimates to reflect yesterday's earnings release and fleet status report as well as our updated cost assumptions. Our 2012, 2013 and 2014 estimates go to... More