Jefferies Assumes Coverage on Nabors (NBR) at Hold; Slight Improvements

Jefferies assumes coverage on Nabors (NYSE: NBR) with a Hold. PT $17.00.

"NBR offers attractive improvement potential and exposure, relative to drilling peers, to Canadian and non-NAM activity. Shares are also attractively valued on
current and our normalized earnings and cash flow estimates. Our Hold rating reflects our preference to see a little more of the evolution of margins in its U.S. onshore and non-NAM businesses, a function both of the current market and recent performance."

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 $15.65 yesterday.

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