Valaris Needs More Cost-Cutting To Hit 2025 EBITDA Target: Analyst
Analyst's underweight rating and reduced price forecast suggest negative outlook. Historical precedent shows repeated downgrades typically precede stock price declines.
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Analyst's underweight rating and reduced price forecast suggest negative outlook. Historical precedent shows repeated downgrades typically precede stock price declines.
What happened, with direct paths to the underlying reporting
J.P. Morgan analyst lowers VAL price forecast from $40 to $38. Cost-cutting measures needed to meet 2025 EBITDA guidance of $530 million. Potential demand slowdown and rig utilization gaps pose challenges for VAL. Jayaram revises 2025 and 2026 EBITDA estimates down from prior projections. VAL stock is currently up 4.08% at $40.86.
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