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Fly News Breaks for January 4, 2017
NBR
Jan 4, 2017 | 07:50 EDT
Credit Suisse analyst James Wicklund upgraded the Oil Services and Equipment sector and raised Nabors Industries to Outperform and raised its price target to $21 from $12. Wicklund said Nabors trades at a discount dispute having one of the most stable international businesses and highest-margin segments among land drilling peers and expects shares to benefit as the rig count increases globally.
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