NOV Inc. price target lowered to $16 from $18 at Goldman Sachs

Goldman Sachs analyst Ati Modak lowered the firm’s price target on NOV Inc. (NOV) to $16 from $18 and keeps a Sell rating on the shares following a transfer of coverage. The firm introduced a new framework to inform its stock picks in traditional oilfield services “as a recognition that the sector is out of favor in 2025 with little activity change potential,” which results in a need for companies to compete for investor capital.