Citi Downgrades Seadrill Ltd. (SDRL) to Neutral

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Nomura Securities Downgrades Seadrill Ltd. (SDRL) to Reduce

October 16, 2014 7:10 AM EDT

Nomura Securities downgraded Seadrill Ltd. (NYSE: SDRL) from Neutral to Reduce.

Analyst Christyan Malek commented, "We forecast U/D day rates will fall to USD 350k/day in 2015-18 (consensus is broadly in the range of USD 400k-450k/day), and this helps drive a... More