UPDATE: RBC Capital Markets Downgrades Nobel
January 08, 2014 at 10:10 AM EST
In a report published Wednesday, RBC Capital Markets analyst Kurt Hallead downgraded Noble (NYSE: NE ) to Sector Perform from Outperform, dropping its price target from $41.00 to $40.00. According to the report, it is believed that NE shares have limited upside until the market gains more confidence in the