Seaport Research analyst Tom Curran downgraded NOV Inc. (NOV) to Neutral from Buy. The firm no longer thinks the company can attain the annual revenue and margin levels in this rest-of-the-world cycle that the bull case assumes, arguing that the company is “simply running out of both the reliable engines and enough time to get there.”
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Read More on NOV:
- Micron downgraded, Block upgraded: Wall Street’s top analyst calls
- Piper assumes Oilfield Services coverage with 4 buys, 4 neutrals
- NOV Inc. initiated with a Neutral at Piper Sandler
- NOV Inc. price target lowered to $12 from $16 at Barclays
- NOV Appoints Chris Kendall to Board of Directors
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
