BofA analyst Saurabh Pant initiated coverage of National Energy Services (NESR) with a Buy rating and $21 price target Middle East upstream spending is at an all-time high and is set to grow by a low-to-mid-single digit percentage year-over-year in 2026/27, says the analyst, who notes that National Energy gets 99% of its revenue from the Middle East and North Africa region and 80%-85% from the Middle East alone.
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