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Fly News Breaks for December 7, 2016
NBR
Dec 7, 2016 | 09:16 EDT
As previously reported, Stephens analyst Matthew Marietta downgraded Nabors Industries to Equal Weight from Overweight, saying the stock run-up warrants revisiting risk/reward. Nonetheless, the analyst says that he sees Nabors Industries as a sustainable franchise and seeks opportunity to become more bullish again by virtue of price, or time and confidence in its 2020 outlook. He raised his price target on the shares to $16 from $15.
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