By: Benzinga
UPDATE: Societe Generale Reiterates Buy Rating, Lowers PT on Noble Corporation
In a report published Monday, Societe Generale reiterated its Buy rating on Noble Corporation (NYSE: NE ), but lowered its price target from $48.00 to $45.00. Societe Generale noted, “Noble's downtime/costs associated with newbuild rig arrivals are impacting operating profitability. NE issued preliminary 2013 cost guidance in last Thursday's call
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