Duncan Williams Reiterates Noble Strong Buy, $61.50 PT

Duncan Williams reiterated its Noble NE Strong Buy rating and $61.50 price target in a research report published today. In the report, Duncan Williams states, "Noble's fleet status indicates some revival in the jackup market as new contracts have been signed in the North Sea. The last quarter should have been the trough for earnings based on the outlook presented from the current fleet status." Shares of Noble were trading at $38.48 at the time of posting, down 3.07% from Tuesday's market close.