Stifel Maintains Buy on NOV, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on NOV but lowers the price target from $25 to $24.
October 28, 2024 | 1:48 pm
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NEUTRAL IMPACT
Stifel analyst Stephen Gengaro maintains a Buy rating on NOV but lowers the price target from $25 to $24.
The analyst's decision to maintain a Buy rating suggests confidence in NOV's long-term prospects, but the lowered price target indicates a slight reduction in expected short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100