UPDATE: Societe Generale Raises PT on Ensco plc on Favorable Supply Balance

In a report published Wednesday, Societe Generale analyst Edward Muztafago reiterated a Buy rating on Ensco plc (NYSE: ESV ), and raised the price target from $73.00 to $76.00. In the report, Muztafago noted, “Deepwater day-rates have remained flat for several quarters, and some on the Street are questioning the