Susquehanna lowered the firm’s price target on NOV Inc. (NOV) to $21 from $22 and keeps a Positive rating on the shares. The firm updated its model following Q3 earnings noting the biggest uncertainty around growth in 2025 is North America, which has been a challenging environment in 2024. That said, they expect the company to outpace broader market activity levels next year while continuing to grow margins.
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:
- NOV Inc. sees 2024 adjusted EBITDA at lower end of previous $1.10B-$1.18B view
- NOV Inc. reports Q3 EPS 33c, consensus 36c
- NOV Inc. sees Q4 revenue growth down 3%-5% vs. last year, consensus $2.36B
- National Oilwell options imply 4.3% move in share price post-earnings
- NOV Inc. (NOV) Q3 Earnings Cheat Sheet