National Energy Services price target raised to $25 from $15 at Barclays

Barclays analyst J. David Anderson raised the firm’s price target on National Energy Services (NESR) to $25 from $15 and keeps an Overweight rating on the shares. The firm says the “massive” Jafurah contract solidifies National Energy’s standing as a major player in Middle East energy services. The company is now positioned for “outsized growth for many years,” the analyst tells investors in a research note.