B of A Securities Maintains Buy on NOV, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Saurabh Pant maintains a Buy rating on NOV (NYSE:NOV) but lowers the price target from $24 to $22.
July 15, 2024 | 4:31 pm
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NEUTRAL IMPACT
B of A Securities analyst Saurabh Pant maintains a Buy rating on NOV but lowers the price target from $24 to $22.
The Buy rating suggests continued confidence in NOV's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100