Susquehanna lowered the firm’s price target on NOV Inc. (NOV) to $21 from $22 and keeps a Positive rating on the shares. The firm updated its model following Q3 earnings noting the biggest uncertainty around growth in 2025 is North America, which has been a challenging environment in 2024. That said, they expect the company to outpace broader market activity levels next year while continuing to grow margins.
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Read More on NOV:
- NOV Inc. sees 2024 adjusted EBITDA at lower end of previous $1.10B-$1.18B view
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