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Rating: NBL
Hold

Noble Energy Inc. (NYSE: NBL) downgraded to Hold by Argus

Wednesday,  Dec 16, 2015  8:25 AM ET by Lynn Gilbert

Argus downgraded Noble Energy Inc. (NYSE: NBL) to Hold. Previously, Argus
rated Noble Energy Inc. (NYSE: NBL) to Buy with price target $17 on 03/09/2015, when the stock price was valued at $45.02.

Noble International Ltd. is a full service, independent supplier of automotive components, component assemblies and value-added services to the automotive industry. The Company's customers include original equipment manufacturers ('OEMs'), such as General Motors, Chrysler Corporation, Ford Motor Company and Mitsubishi Motors Manufacturing of America and direct suppliers of OEMs ('Tier I' suppliers), such as Textron Automotive Company, GM/Delphi and United Technologies, Inc.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system



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