Citigroup Maintains Neutral on Seadrill, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Nikhil Gupta has maintained a Neutral rating on Seadrill (NYSE:SDRL) and raised the price target from $48.1 to $60.
August 17, 2023 | 1:33 pm
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NEUTRAL IMPACT
Seadrill's price target has been raised from $48.1 to $60 by Citigroup, while maintaining a Neutral rating.
The news of Citigroup raising the price target for Seadrill while maintaining a Neutral rating indicates that the analyst sees potential for the stock's price to increase. However, the Neutral rating suggests that the analyst does not see the stock as a strong buy or sell at the moment, which could lead to a neutral short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100