PVD [MARKET PERFORM -9.2%] - Fair valuation despite robust 2022F earnings outlook - Update
  • 2021-11-30T00:00:00
  • Company Research


- We raise our TP by 37% and maintain a MARKET PERFORM rating for PVD. We expect robust earnings growth from 2022F to be driven by a recovery of jack-up (JU) rigs and contribution from the TAD’s 10-year contract. However, PVD’s valuation has already reflected the recovery outlook, in our view. 


Powered by Froala Editor