Susquehanna Maintains Neutral on Dnow, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Charles Minervino maintains a Neutral rating on DNOW (NYSE:DNOW) and lowers the price target from $16 to $15.

May 13, 2024 | 11:43 am
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Susquehanna has maintained a Neutral rating on DNOW and reduced the price target from $16 to $15.
The reduction in price target by Susquehanna reflects a slightly less optimistic outlook on DNOW's stock, potentially due to revised earnings expectations or market conditions. This adjustment, while maintaining a Neutral stance, suggests that the analyst sees limited upside potential or increased risk factors that could affect the stock's performance. Investors often react to such changes in analyst ratings and price targets, which can lead to short-term price movements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100