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Rating: SDRL
Hold $32

SeaDrill Limited (NYSE: SDRL) reiterated to Hold with price target $32 by Deutsche Bank

Wednesday,  Oct 15, 2014  1:25 PM ET by Kristen Bailey

Deutsche Bank reiterated SeaDrill Limited (NYSE: SDRL) to Hold with price target $32 with today's
price of $22.24. Deutsche Bank rated SeaDrill Limited (NYSE: SDRL) to Hold with price target $37 on 11/28/2012, when the price was $38.33. SeaDrill Limited's stock price lost 42% since then.

Seadrill Limited, an offshore drilling contractor, provides drilling and well services worldwide. Its fleet comprises harsh-environment semi-submersibles, heavy duty jack-ups, shallow water tender rigs, and deep water drillships. The company also offers platform drilling, well intervention, and engineering services. As of December 31, 2008, it had an interest in 43 offshore drilling units, including 11 units under construction. The company was founded in 1972 and is based in Hamilton, Bermuda.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.

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