Nabors Industries price target raised to $50 from $45 at Barclays

Barclays analyst Eddie Kim raised the firm’s price target on Nabors Industries (NBR) to $50 from $45 and keeps an Underweight rating on the shares. The firm adjusted targets in the energy services group as part of its 2026 outlook. Barclays’ spending report shows the cycle plateau extending a third year, which keeps the firm neutral on the sector. However, it is optimistic the second half of the cycle is “around the corner.”