By: Benzinga
UPDATE: J.P. Morgan Reiterates Overweight Rating, Lowers PT on Noble Corporation
In a report published Monday, J.P. Morgan reiterated its Overweight rating on Noble Corporation (NYSE: NE ), but lowered its price target from $48.00 to $45.00. J.P. Morgan noted, “NE reported adjusted 4Q12 EPS of $0.51, below both JPM/cons $0.61/0.62 estimate, with $0.07 of the miss from a higher tax
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