BMO Capital Maintains Market Perform on NOV, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Phillip Jungwirth has maintained a Market Perform rating on NOV (NYSE:NOV) but has lowered the price target from $22 to $20.
October 10, 2024 | 3:47 pm
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BMO Capital has maintained its Market Perform rating on NOV but reduced the price target from $22 to $20, indicating a slightly less optimistic outlook.
The lowering of the price target by BMO Capital suggests a less optimistic view on NOV's future performance, which could lead to a short-term negative impact on the stock price. The Market Perform rating indicates that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100