Israel Supreme Court Rules Stability Provisions to be Addressed Through Alternate Means

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Stifel Cuts Price Target on Noble Energy (NBL) to $37 Following Israel Supreme Court Ruling

March 29, 2016 10:02 AM EDT

Stifel maintained a Buy rating on Noble Energy (NYSE: NBL), and cut the price target to $37.00 (from $40.00), following Supreme Court of Israel ruling that the government should provide stability assurances through a legal mechanism outside of the country's Natural Gas Regulatory Framework.

Analyst Michael... More