Noble Corp. (NE -1.2%) is downgraded to Hold from Buy with a $41 price target, down from $44, at...

|About: Noble Corporation plc (NE)|By:, SA News Editor

Noble Corp. (NE -1.2%) is downgraded to Hold from Buy with a $41 price target, down from $44, at Jefferies, which also lowers 2013 and 2014 earnings estimates. The firm still likes NE's long-term earnings growth potential despite disappointments on operating and capital expenses (Q4), but it remains on the sidelines given recent share appreciation and near-term risks.