By: Benzinga
UPDATE: Goldman Sachs Upgrades Nabors Industries to Conviction Buy on Valuation Catalysts
Goldman Sachs upgraded Nabors Industries (NYSE: NBR ) from Neutral to Conviction Buy and raised the price target from $17.00 to $23.00. Goldman Sachs commented, "NBR is a key provider of shale exploitation services globally, but is trading at a 34% discount to our $24.75/share NAV estimate. We see catalysts
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