tiprankstipranks
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.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App