Barclays Maintains Overweight on Valaris, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eddie Kim maintains an Overweight rating on Valaris (NYSE:VAL) but lowers the price target from $91 to $61.
October 23, 2024 | 12:45 pm
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Barclays analyst Eddie Kim maintains an Overweight rating on Valaris but lowers the price target from $91 to $61, indicating a more cautious outlook.
The reduction in the price target from $91 to $61 suggests a less optimistic view on Valaris's future performance, which could lead to a negative short-term impact on the stock price despite the maintained Overweight rating.
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