Valaris Needs More Cost-Cutting To Hit 2025 EBITDA Target: Analyst
1. J.P. Morgan analyst lowers VAL price forecast from $40 to $38. 2. Cost-cutting measures needed to meet 2025 EBITDA guidance of $530 million. 3. Potential demand slowdown and rig utilization gaps pose challenges for VAL. 4. Jayaram revises 2025 and 2026 EBITDA estimates down from prior projections. 5. VAL stock is currently up 4.08% at $40.86.