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Reassessing Seadrill (NYSE:SDRL) Valuation After Citigroup’s Downgrade and Shift in Analyst Sentiment
Citigroup Downgrade Puts Fresh Scrutiny on Seadrill
Citigroup's move to cut Seadrill (NYSE:SDRL) from Buy to Neutral, while trimming its outlook, has put fresh attention on a stock already down about 19% this year, despite improving fundamentals.
See our latest analysis for Seadrill.
The downgrade lands after a choppy run for Seadrill, with a roughly 5.6% 1 month share price return failing to offset a near 19% year to date share price decline. The 3 year total shareholder return remains...