Valaris Needs More Cost-Cutting To Hit 2025 EBITDA Target: Analyst

Also Read: Tesla Stock Is Stuck In Reverse – Can Model Y Refresh Shift Gears? There's also a potential for more rig suspensions in Saudi Arabia, though some rigs leased to ARO continue to operate under short-term extensions while longer-term lease agreements are negotiated. J.P. Morgan analyst Arun Jayaram reiterated the Underweight rating on Valaris Limited VAL on Monday, lowering the price forecast from $40 to $38. The analyst suggests that while the company has made significant fleet rationalization effo ...