Barclays has downgraded SBM Offshore NV's stock rating from Overweight to Equal Weight, setting a new price target of EUR25.00. This decision follows a significant 55.2% return over the past year and a 30.52% gain year-to-date, with the stock trading near its 52-week high of $23.20. Analysts emphasize the need for new contract awards to sustain growth and achieve the price target, highlighting the company's strong financial position and consistent dividend payments over the past decade.
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