RBC Capital analyst Keith Mackey raised the firm’s price target on Nabors Industries (NBR) to $120 from $91 and keeps a Sector Perform rating on the shares. The company’s Q1 results demonstrated resilient EBITDA generation in the face of Middle East disruption with improved free cash flow performance, while the outlook for the remainder of the year has improved incrementally, the analyst tells investors in a research note.
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 $120 from $84 at Piper Sandler
- Nabors Industries price target raised to $105 from $85 at Susquehanna
- Nabors Industries Signals Cautious Optimism in Earnings Call
- Nabors Industries reports Q1 EPS ($1.54), consensus ($2.03)
- Nabors Industries Ltd. (NBR) Q1 Earnings Cheat Sheet