Reported 1 day ago
Piper Sandler has initiated coverage of Nabors Industries Ltd. (NBR) with an 'Underweight' rating and a target price of $30, anticipating a tough market for U.S. land amid tariffs and oil production increases. Although the recent acquisition of Parker Wellbore is expected to boost Nabors' earnings and enhance cash generation, the firm predicts a continued negative trend for the remainder of 2025.
Source: YAHOO