UPDATE: Credit Suisse Initiates on Statoil On Drill-Bit Success
November 14, 2013 at 08:18 AM EST
In a report published Wednesday, Credit Suisse analyst Thomas Adolff initiated a Neutral rating of Statoil (NYSE: STO ) and initiated a price target of NKr 155.00. In the report, Credit Suisse says "Statoil is turning resource rich, owing to its success with the drill-bit over the past few years.
