Citigroup Maintains Buy on NOV, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on NOV but lowers the price target from $24 to $21.

October 03, 2024 | 5:57 pm
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Citigroup's analyst Scott Gruber has maintained a Buy rating on NOV but has lowered the price target from $24 to $21, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in NOV's potential, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100