Seadrill (SDRL) is upgraded to Outperform from Neutral at Credit Suisse, which says the IPO of...

|About: Seadrill Limited (SDRL)|By:, SA News Editor

Seadrill (SDRL) is upgraded to Outperform from Neutral at Credit Suisse, which says the IPO of Seadrill Partners (SDLP) was transformational for SDRL as it provides a platform to deliver and/or further growth. Also, SDRL has incentive distribution rights that should increase in value by $3-$5/share as SDRL drops down assets into SDLP.