RBC Capital Maintains Sector Perform on Nabors Industries, Raises Price Target to $140
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Keith Mackey has maintained a 'Sector Perform' rating on Nabors Industries (NYSE:NBR) and raised the price target from $124 to $140.
July 27, 2023 | 3:55 pm
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Nabors Industries' price target has been raised from $124 to $140 by RBC Capital, maintaining a 'Sector Perform' rating.
The increase in price target by RBC Capital indicates a positive outlook for Nabors Industries. This could potentially lead to an increase in the stock price in the short term. The 'Sector Perform' rating suggests that the stock is expected to perform in line with the sector average, which is a neutral-to-positive signal for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100