Morgan Stanley Upgrades Nabors Industries to Overweight, Raises Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Daniel Kutz has upgraded Nabors Industries (NYSE:NBR) from Equal-Weight to Overweight and raised the price target from $160 to $175.
October 17, 2023 | 10:17 am
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Nabors Industries has been upgraded to Overweight from Equal-Weight by Morgan Stanley, with a raised price target of $175, up from $160.
The upgrade from Morgan Stanley is a positive signal for Nabors Industries. The raised price target indicates that the analyst sees potential for the stock's price to increase, which could lead to positive short-term price movement.
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