DNOW Inc. price target raised to $18 from $16 at Stifel

Stifel raised the firm’s price target on DNOW Inc. to $18 from $16 and keeps a Buy rating on the shares after having hosted CEO David Cherechinsky and VP of IR and Digital Strategy Brad Wise for investor meetings this week. In the meetings, management highlighted opportunities for capital deployment to drive compounding cash flow growth while continuing to expand gross margins, the analyst noted.