Equity Research Upgrades EPS And PT on Nabors Industries (NBR)

Equity Research upgraded its earnings per share estimates and price target on Nabors Industries NBR. Earnings per share is expected to stay the same in 2011 due to soft demand. In the following year, however, earnings per share expectations were modified upwards from $2.25 to $2.55. The new price target is $33. Equity currently has a Hold rating on Nabors' shares. On Friday, Nabors' shares added 1.16% to their value to close the week at $30.64.