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Will Noble Corp. (NE) Stock Rise on Bullish Credit Suisse Remarks?

NEW YORK (TheStreet) -- Noble Corp. (NE - Get Report)Credit Suisse's price target hike earlier today.

The firm, which reiterated its "outperform" rating on the stock, raised its price target to $12 from $10, saying that the company is well positioned despite posting lower-than-expected 2016 first quarter results on Wednesday afternoon.

Earnings for the recent period came in at 31 cents a share, missing projections of 33 cents a share. Revenue of $612 million also came in under forecasts of $632.22 million.

The firm believes Noble will save about...