Raymond James Maintains Outperform on NOV, Lowers Price Target to $27
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Praveen Narra has maintained an Outperform rating on NOV (NYSE:NOV), but lowered the price target from $29 to $27.
July 14, 2023 | 8:13 am
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NEUTRAL IMPACT
NOV's price target has been lowered from $29 to $27 by Raymond James, although the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the Outperform rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100