RBC Capital Maintains Sector Perform on Nabors Industries, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Keith Mackey has maintained a 'Sector Perform' rating on Nabors Industries (NYSE:NBR) but lowered the price target from $140 to $130.

October 27, 2023 | 2:44 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Nabors Industries' price target has been lowered from $140 to $130 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Sector Perform' rating suggests that the company is expected to perform on par with other companies in the sector. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100