Tuesday, October 26, 2010


Noble: Nomura maintains Buy, raises target price to $2.36 from $2.10; citing it as the best proxy play in the commodity sector by virtue of its upstream presence & exposure to bulk commodities. Moreover, with its amassed war-chest of US$3.4b, house expects Noble to get more aggressive in pursuing M&A opportunities, which will be a key catalyst going forward.

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