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

|About: Nabors Industries Ltd. (NBR)|By:, SA News Editor

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."