Morgan Stanley raised the firm’s price target on Nabors Industries (NBR) to $100 from $80 and keeps an Overweight rating on the shares. Beyond the Middle East disruption, the firm expects higher oil prices to be supportive of increased upstream capital spending, says the analyst, who notes that the firm’s 2027/2028 EBITDA estimates are now about 6% above consensus on average for the firm’s energy services and equipment coverage.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NBR:
- Nabors Industries price target raised to $84 from $80 at Piper Sandler
- Nabors Industries Expands Letter of Credit Facility Capacity
- Nabors Industries price target raised to $85 from $70 at Susquehanna
- Nabors Industries price target raised to $89 from $85 at Citi
- AI Models Turn More Constructive on Nabors Industries (NBR) as Valuation and Recovery Improve