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.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOV: