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Nabors Industries price target raised to $250 from $200 at Barclays
The Fly

Nabors Industries price target raised to $250 from $200 at Barclays

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.

Published first on TheFly

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