Jefferies analyst Brad Handler upgraded Nabors Industries (NBR) to Hold citing valuation despite lowering his 2016-2017 estimates for companies in the Oil Services & Equipment space. The analyst keeps an $8 price target for the shares. Handler recommends continuing to own shares of Schlumberger (SLB) and Frank's International (FI). He still sees downside risk in U.S. Silica (SLCA) and Helmerich & Payne (HP).
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Reports Q1 revenue $4.54B, consensus $4.57B. "Fiserv extended its strong revenue growth and margin expansion into 2024 leading to 19% adjusted earnings per share growth in the first quarter," said Frank Bisignano, Chairman, President and Chief Executive Officer of Fiserv. "We continued to execute on our resilient business model by improving productivity, delivering innovative products and services, and cross-selling into our diverse and high-quality client base."