NOV Inc. price target raised to $25 from $20 at Piper Sandler

Piper Sandler analyst Luke Lemoine raised the firm’s price target on NOV Inc. to $25 from $20 and keeps a Neutral rating on the shares. While the international/offshore cycle is still very healthy, the firm believes expectations should orient around a 10%-15% CAGR over the next few years vs some market expectations that believed this could be 15%-20%.