Noble Upgraded by RBC

Noble Upgraded by RBC

Noble received an investment-rating upgrade Friday from RBC Capital Markets to a rating of sector perform from underperform, as the firm highlighted improving rig utilization. In a note to clients, RBC noted the upgrade comes as the firm is observing “an improving environment for offshore drillers.” It noted contracted rig utilization has bottomed and modest improvements are being seen with idle rigs going back to work. The firm raised its […]

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