NOV Inc. price target lowered to $22 from $28 at TD Cowen
The Fly

NOV Inc. price target lowered to $22 from $28 at TD Cowen

TD Cowen analyst Marc Bianchi lowered the firm’s price target on NOV Inc. (NOV) to $22 from $28 and keeps a Buy rating on the shares. The firm said the company’s 4Q guide was worse than feared as mix weighs on margins and commentary suggested a sluggish 1H as offshore drilling customers may slow spending amid contract gaps.

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