Seadrill price target raised to $60 from $48.10 at Citi

Citi raised the firm’s price target on Seadrill to $60 from $48.10 and keeps a Neutral rating on the shares post the Q2 report. The analyst likes the company’s announcement that the debt refinancing is now complete. Despite the solid EBITDA beat, Seadrill did not change the fiscal 2023 EBITDA guidance, the analyst tells investors in a research note.