National Energy Services price target raised to $17 from $16 at Barclays

Barclays raised the firm’s price target on National Energy Services (NESR) to $17 from $16 and keeps an Overweight rating on the shares. The firm says the company “continues to re-establish itself,} ending 2024 on a “strong note” and set up to outperform in 2025 with a leading position in Jafurah and expansion into the growing Kuwait market. The firm sees a valuation “disconnect” and “significant upside” potential in the shares.