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Stock Market & Financial Investment News

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February 20, 2014
08:02 EDTNBRNabors Industries upgraded at Morgan Stanley
As previously reported, Morgan Stanley upgraded to Overweight from Equal Weight. The firm upgraded shares due to relative valuation, improving execution, and signs that North American macro's have bottomed. Price target raised to $28 from $18.
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July 22, 2014
17:38 EDTNBRNabors Industries optimistic about the growth prospects for venture
Company concluded, "It is becoming increasingly apparent that virtually every element of our business is experiencing improving fundamentals manifested through improving utilization and pricing. Construction of the numerous new rigs we have in progress remains on track and within budget. The contribution of these deployments combined with a favorable pricing environment across every market and the incremental demand for new rigs globally yield a high degree of growth visibility for the foreseeable future. We are particularly optimistic about the growth prospects for our venture with C&J in the Completion & Production Services business."
17:36 EDTNBRNabors Industries reports Q2 EPS with items 21c, consensus 23c
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