Borr Drilling gets 'neutral' rating as Citigroup starts coverage
ReutersSep 12, 2025 10:47 AM
Citigroup starts coverage on oilfield services provider Borr Drilling BORR.N with "neutral" rating, PT $3.25
New price target represents a ~6% upside to the stock's last close
"Following ~18 months of moderation, we see stability ahead, but a stronger crude price backdrop is likely needed for rate inflation" - Citigroup
Brokerage says that M&A could accelerate deleveraging, but adds "that path isn’t clear at the moment"
4 of 8 brokerages rate the stock "buy" or higher, 4 "hold"; their median PT is $2.8 - data compiled by LSEG
As of last close, stock down 21% YTD
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