Citi raised the firm’s price target on NexTier Oilfield to $11.30 from $9.75 and keeps a Neutral rating on the shares. The analyst remains positive on an extended international upcycle and says the U.S. rig count bottom likely hits in the next few months. This creates a “tricky set-up” for oil and gas equipment names, the analyst tells investors in a research note. For the “Big 3,” Citi expects a “muted” earnings season.
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