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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.
News For NBR From The Last 14 Days
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May 29, 2015
10:01 EDTNBROn The Fly: Analyst Initiation Summary
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06:24 EDTNBRNabors Industries initiated with an Overweight at JPMorgan
Target $21.
May 26, 2015
09:58 EDTNBROn The Fly: Analyst Downgrade Summary
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07:22 EDTNBR, NBRNabors Industries downgraded to Underperform from Outperform at CLSA
CLSA downgraded Nabors Industries to Underperform from Outperform despite raising its price target to $16 from $13. CLSA's analyst believes the advancement of unconventional drilling has been one of the most disruptive technologies in the sectors' history and will derail cycle normalization near-term. The firm believes the industry will need half as many rigs to keep production flat until attrition right-sizes the industry.
May 21, 2015
07:25 EDTNBRUBS to hold a conference
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