Citigroup Maintains Buy on Nabors Industries, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Nabors Industries (NYSE:NBR) but lowers the price target from $200 to $140.
May 19, 2023 | 12:28 pm
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Citigroup maintains Buy rating on Nabors Industries (NYSE:NBR) but lowers the price target from $200 to $140.
The news of Citigroup maintaining a Buy rating on Nabors Industries is positive for the stock. However, the lowering of the price target from $200 to $140 may create uncertainty among investors, potentially offsetting the positive impact of the Buy rating. As a result, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100