Noble Corp. price target lowered to $34 from $41 at Evercore ISI

Evercore ISI lowered the firm’s price target on Noble Corp. (NE) to $34 from $41 and keeps an In Line rating on the shares. Noble has been proactively reducing whitespace by securing some relatively short-term work where available, keeping options open for longer term tenders, notes the analyst, who adds that the market is likely to remain focused on near-term 7G drillship availability and how tendering activity evolves for 2026.