Jefferies Downgrades Nabors (NBR) to Hold
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Price: $75.10 -6.28%
Rating Summary:
11 Buy, 17 Hold, 10 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
11 Buy, 17 Hold, 10 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Jefferies downgraded Nabors (NYSE: NBR) from Buy to Hold with a price target of $19 (down from $22).
The firm comments, "We are downgrading the NAM land drillers (NBR, PTEN, PDC, and UDRL) to reflect more cautious NAM land rig and pressure pumping expectations and a less favorable risk/reward profile to other names in our OFS universe."
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 $16.60 yesterday.
The firm comments, "We are downgrading the NAM land drillers (NBR, PTEN, PDC, and UDRL) to reflect more cautious NAM land rig and pressure pumping expectations and a less favorable risk/reward profile to other names in our OFS universe."
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 $16.60 yesterday.
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