Raymond James Maintains Outperform Rating for NOV: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Outperform rating for NOV (NYSE:NOV) and increased its price target from $28.00 to $29.00. NOV's shares are currently trading at $19.59, down 0.08% over the last 24 hours. A move to $29.00 would represent a 48.07% increase from the current share price. NOV is a leading supplier of oil and gas drilling rig equipment and products, with international markets contributing more than 60% of its annual revenue.
October 30, 2023 | 5:00 pm
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Raymond James has maintained its Outperform rating for NOV and raised its price target. This could potentially lead to an increase in NOV's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The maintained Outperform rating and increased price target by Raymond James indicates a positive outlook for NOV, which could potentially lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100