Citigroup Upgrades Seadrill to Buy, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Nikhil Gupta has upgraded Seadrill (NYSE:SDRL) from Neutral to Buy, while lowering the price target from $60 to $52.
September 12, 2024 | 6:23 pm
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POSITIVE IMPACT
Citigroup has upgraded Seadrill from Neutral to Buy, indicating a positive outlook on the stock. However, the price target has been lowered from $60 to $52, suggesting a more conservative valuation.
The upgrade to Buy suggests a positive sentiment from Citigroup, which could lead to increased investor interest and a potential short-term price increase. However, the lowered price target indicates a more cautious long-term outlook, which may temper the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100