The sharks have been circling Noble Corporation (NYSE:NE) lately, as a call feeding frenzy has pushed the share price of the offshore drilling contractor up, even though they were recently downgraded by Credit Agricole Securities from "Outperform" to "Underperform."
Stephens & Co. also cut the company from an "Overweight" to an "Equal-weight" on Thursday, and put their 12-month price target on the company at $41. Agricole has a 12-month price target of $32.
These call traders believe the company will surge ahead of the July expiration.
Share were at $29.29 as of 1:43 PM EDT, a gain of $0.83, or 2.92 percent.
Showing posts with label Credit Agricole Securities. Show all posts
Showing posts with label Credit Agricole Securities. Show all posts
Monday, June 28, 2010
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