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Nabors Industries price target raised to $215 from $193 at RBC Capital
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Nabors Industries price target raised to $215 from $193 at RBC Capital

RBC Capital analyst Keith Mackey raised the firm’s price target on Nabors Industries to $215 from $193 but keeps a Sector Perform rating on the shares. The company’s Q4 results were "solid" amid improving U.S. land rig day rates, even though its International activity lagged slightly, the analyst tells investors in a research note. The firm adds that Nabors’ high level of debt maturities in the coming years warrants a neutral stance, though it also believes that the U.S. free cash flows should support continued debt reduction.

Published first on TheFly

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