Stifel Maintains Buy on Seadrill, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan maintains a Buy rating on Seadrill (NYSE:SDRL) but lowers the price target from $75 to $73.
March 01, 2024 | 2:03 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Seadrill but lowers the price target from $75 to $73.
While the reduction in price target might suggest a slightly less optimistic outlook on Seadrill's stock price potential, the maintenance of a Buy rating by Stifel indicates continued confidence in the company's fundamentals. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100