Nabors Industries upgraded to Neutral from Underperform at Credit Suisse Credit Suisse upgraded Nabors Industries to Neutral citing the company's strong International execution. The firm raised its price target for shares to $22 from $12.
Jefferies sees relative value in Nabors Industries Jefferies analyst Brad Handler believes shares of Nabors Industries (NBR) can outperform Patterson-UTI (PTEN) over the near term and Helmerich & Payne (HP) over the longer term. His analysis suggests Nabors likely avoids covenant breach and has adequate liquidity to weather the downturn. Handler keeps a Hold rating on Nabors, however, with a reduced price target of $7.