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NOV Inc. price target lowered to $16 from $17 at Barclays
The Fly

NOV Inc. price target lowered to $16 from $17 at Barclays

Barclays lowered the firm’s price target on NOV Inc. (NOV) to $16 from $17 and keeps an Underweight rating on the shares. The company posted in-line EBITDA and orders and strong free cash flow though lowered its fiscal 2024 EBITDA guide and pointed to a slower start to 2025 given customers being ‘incrementally more cautious in their near-term spending decisions,” the analyst tells investors in a research note.

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