NOV Inc. price target lowered to $25 from $27 at Evercore ISI

Evercore ISI lowered the firm’s price target on NOV Inc. (NOV) to $25 from $27 and keeps an Outperform rating on the shares. The firm, which contends that the cycle “continues to move in NOV’s favor,” anticipates NOV’s focus on improving its supply chain and profitability profile will boost cash flows, allowing for the accelerated return of cash to shareholders.