Morgan Stanley analyst Daniel Kutz raised the firm’s price target on Nabors Industries (NBR) to $55 from $50 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Energy Services & Equipment North America sector under its coverage, the analyst tells investors. Morgan Stanley expects Q3 results and Q4 guidance to be in-line with consensus, but notes it sees risk to estimated performance in 2026.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NBR:
- Nabors Industries receives $250M from Superior Energy seller note prepayment
- Nabors Industries Appoints New Chief Financial Officer
- Nabors issues statement on proceeds announced by Superior Energy Services
- Caturus Energy announces multi-year contract with Nabors Industries
- Nabors Industries price target raised to $36 from $29 at Barclays