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Jefferies Upgrades Nabors (NBR) to Hold

May 2, 2013 7:24 AM EDT
Get Alerts NBR Hot Sheet
Price: $96.71 +2.70%

Rating Summary:
    11 Buy, 18 Hold, 10 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 22
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Jefferies upgraded Nabors (NYSE: NBR) from Underperform to Hold with a price target of $14.00 on (1) well understood challenges, (2) potential for change and (3) valuation.

"We think challenges are understood, there is some potential for change, we do look for some positive inflection of activity and we see limited downside to our unchanged $14 PT," the analyst said.

For an analyst ratings summary and ratings history on Nabors click here. For more ratings news on Nabors click here.

Shares of Nabors closed at $14.64 yesterday.


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