Barclays analyst Derek Podhaizer raised the firm’s price target on Nabors Industries to $250 from $200 and keeps an Overweight rating on the shares. The analyst says tailwinds are strengthening for Nabors through a combination of expanding U.S. daily margins, despite any gas activity overhang, accretive growth in international markets with a growing pipeline of opportunities, and robust free cash flow accelerating its deleveraging path.
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