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Nabors Industries price target raised to $80 from $65 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Nabors Industries (NBR) to $80 from $65 and keeps an Overweight rating on the shares. Heading into Q4 results, the firm’s forecasts are roughly in-line with consensus for its energy services and equipment coverage overall on Q4 and 2026 EBITDA estimates, the analyst tells investors in a preview for the group.

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