$NEX Goldman Sachs Upgrades NexTier To Buy, Raises Target To $9 As Firm Cites 4 Reasons: ‘1) Valuation: Compelling valuation at 25% discount to peers, despite stronger profitability; 2) Strong operators and profitability per fleet: NexTier has consistently shown stronger profitability per fleet, and utilization than the peer group; 3) Benefits from the merger: C&J merger to enhance scale, improve diversification, and create cost synergies; and 4) Strong cash flow and balance sheet, plus returning cash to shareholders: NEX has minimal debt, and we forecast strong FCF generation going forward’