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Stock Market & Financial Investment News

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July 1, 2014
07:39 EDTNBRNabors Industries upgraded to Overweight from Equal Weight at Stephens
Stephens upgraded Nabors (NBR) to Overweight following the agreement to merge its Completion Services and Production Services businesses with C&J Energy (CJES). The firm expects the deal to be accretive to margins and accelerate investment into the core drilling businesses and drive the multiple higher. Price target raised to $33 from $27.
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