Duncan Williams Maintains Nabors Industries Buy, $37.50 PT

Duncan Williams maintained its Nabors Industries NBR Buy rating and $37.50 price target in a research report published today. In the report, Duncan Williams states, "The company indicated weather delays in the Bakken and Marcellus areas had lowered revenues as well as late deliveries for equipment to the division. The International segment was also hindered by delays in contract awards, importation obstacles, and civil unrest. The countries affecting this division are Saudi Arabia, Iraq, Yemen, Columbia, and Mexico." Shares of Nabors Industries were trading at $23.52 at the time of posting, down 2.12% from Friday's market close.