Global Hunter is out with its report today on Ensco ESV, raising its PT from $61 to $62.
In a note to clients, Global Hunter writes, "At 7.0x our 2012 EBITDA of $2.5 billion, we arrive at a $62 price target, which is up from our prior target of $61. The stock has solid upside to our $62 price target and we reiterate our Accumulate rating, favoring ESV as one of the names best to play the offshore driller space."
Shares of ESV closed Tuesday at $54.11.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in