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Fly News Breaks for August 10, 2017
NBR
Aug 10, 2017 | 07:29 EDT
Credit Suisse analyst James Wicklund lowered his price target for Nabors Industries to $9 from $18 on valuation. The analyst notes that the company reported "solid" second quarter results as revenue beat expectations, but EBITDA and EPS slightly missed. While total its EBITDA slightly missed expectations, all of Nabors Industries' segments excluding Canada grew EBITDA sequentially, he adds. Wicklund reiterates an Outperform rating on the shares.
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