Citigroup Downgrades Nabors Industries to Neutral, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber has downgraded Nabors Industries from Buy to Neutral and reduced the price target from $110 to $75.
September 13, 2024 | 1:41 pm
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Citigroup has downgraded Nabors Industries from Buy to Neutral and lowered its price target from $110 to $75, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by Citigroup suggests a less favorable view on Nabors Industries' stock performance. The significant reduction in the price target from $110 to $75 indicates expectations of lower future stock price appreciation.
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