Seeking Alpha

Nabors Industries (NBR) +3.4% premarket after Goldman Sachs upgrades shares to Conviction Buy...

Nabors Industries (NBR) +3.4% premarket after Goldman Sachs upgrades shares to Conviction Buy from Neutral which a $23 target, up from $17. Goldman sees several catalysts, including "inflecting NAM rig activity leading to multiple expansion as in prior cycles, [and] margin inflection, as NBR is significantly under-earning with Q4 margins below mid-2009 levels; no other peer is that low."
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