UPDATE: Goldman Sachs Upgrades Nabors Industries to Conviction Buy on Valuation Catalysts
Posted on February 14, 2013 at 07:51 AM EST
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