UPDATE: RBC Capital Markets Upgrades Nabors Industries
January 08, 2014 at 09:40 AM EST
In a report published Wednesday, RBC Capital Markets analyst Kurt Hallead upgraded Nabors Industries (NYSE: NBR ) to Outperform from Sector Perform, raising its price target from $19.00 to $20.00. According to the report, for 2014, it is believed that NBR will benefit from the strong Tier 1 rig