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barclays downgrades nabors industries amid concerns over pricing and demand
Nabors Industries Ltd. (NYSE: NBR) has been downgraded by Barclays from Equal Weight to Underweight, with a price target cut from $53 to $28, due to anticipated declines in activity and pricing in the U.S. and select international markets amid falling crude oil prices. Despite a strong Q1 2025 performance, reporting a net income of $33 million and increased revenue, concerns linger over the financial sustainability of its SANAD joint venture with Saudi Aramco.
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