Barclays Maintains Equal-Weight on Nabors Industries, Lowers Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson has maintained an Equal-Weight rating on Nabors Industries (NYSE:NBR) but has lowered the price target from $110 to $88.
October 16, 2024 | 7:43 pm
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Barclays has maintained its Equal-Weight rating on Nabors Industries but reduced the price target from $110 to $88, indicating a less optimistic outlook.
The reduction in the price target from $110 to $88 by Barclays suggests a less optimistic view on Nabors Industries' future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100