In a report published Thursday, Jefferies analyst Brad Handler upgraded the rating on Nabors Industries Ltd. NBR from Hold to Buy, and raised the price target from $28.00 to $31.00.
In the report, Jefferies noted, “A combination of worldwide rig opportunity, recent quarters' drilling performance and catalyst in the form of strategic review announcement drives our upgrade of NBR to Buy from Hold despite strong YTD share performance that we think reflects market optimism vs. corporate change (shares are up 49% YTD vs. land peers' up 29% but are flat from late March). We raise 2015E EPS to a Street-high $2.50.”
Nabors Industries Ltd. closed on Wednesday at $25.33.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in