Goldman Sachs Downgrades Nabors Industries (NBR) to Neutral
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Goldman Sachs downgrades Nabors Industries (NYSE: NBR) from Buy to Neutral and lowered its price target from $56 to $41, saying they prefer stocks with more exposure to oil versus natural gas.
Nabors Industries, Ltd. operates as a land drilling contractor. It conducts oil, gas, and geothermal land drilling operations in the United States, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia, and Africa.
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