UPDATE: Pareto Securities Reiterates Hold Rating, Lowers PT on Noble Corporation
Posted on January 25, 2013 at 14:31 PM EST
In a report published Friday, Pareto Securities reiterated its Hold rating on Noble Corporation (NYSE: NE ), but lowered its price target from $43.00 to $41.00. Pareto Securities noted, “Noble is in the middle of a transition period where 90% of the cash flow came from older units in