Seeking Alpha

Nabors Industries (NBR -5.2%) is downgraded to Underperform from Hold with a $13 price target...

Nabors Industries (NBR -5.2%) is downgraded to Underperform from Hold with a $13 price target (down from $15) by Jefferies, which says "we lack confidence that NBR can recover significant market share in U.S. land, see some risks to our flat dayrate outlook and lower our pressure pumping outlook for '13." Among land drillers, the firm prefers Helmerich & Payne (HP -1.5%).
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