Pritchard Capital's Morning Intelligence (ELON, NBR, REXX, SDRL, SWSI)
Pritchard Capital is out with its morning intelligence report. In the report, Pritchard covers Echelon Corporation (NASDAQ: ELON), Nabors Industries Ltd. (NYSE: NBR), Seadrill Limited Ordinary Shares (Bermuda) (NYSE: SDRL), and Superior Well Services, Inc. (NASDAQ: SWSI).
In the report, Pritchard Capital notes that Echelon has a strong presence in Europe, with over 30 million smart meters, and that investors should give ELON time to implement these meters in the U.S.
It is reiterating its Neutral rating and $24 price target on Seadrill, after the oil driller reported earnings.
The merger between Nabors and Superior Well Services made it through the Department of Justice without any additional request for information, so that is seen as a positive for the merger.
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