Evercore ISI Group Maintains In-Line Rating for Borr Drilling: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Evercore ISI Group has maintained its In-Line rating for Borr Drilling (NYSE:BORR) but lowered its price target from $10.00 to $9.00. Borr Drilling's shares are currently down 2.16% at $6.34. The new price target suggests a potential 41.96% increase from the current price. Borr Drilling is a drilling contractor with a fleet of 16 jack-up rigs, primarily operating in Norway.
February 23, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Evercore ISI Group maintains In-Line rating for Borr Drilling but lowers price target from $10.00 to $9.00, with shares currently down 2.16% at $6.34.
The maintenance of the In-Line rating by Evercore ISI Group indicates a neutral outlook on Borr Drilling's stock, suggesting stability. However, the reduction in the price target from $10.00 to $9.00, despite being a potential upside from the current price, could signal a tempered expectation of growth or a reassessment of the company's value, possibly due to market conditions or company performance. The current share price decrease further emphasizes the market's reaction to this news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100