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HSBC Upgrades Arabian Drilling Co. to Hold, Boosts PT

MT Newswires·09/01/2026 08:32:52
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08:32 AM EDT, 09/01/2026 (MT Newswires) -- HSBC on Tuesday raised oilfield services company Arabian Drilling Co. (SASE:2381) to hold from reduce and increased its price target to 84 Saudi riyals from 68 riyals. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)